Interest rate rises fail to deter investors

Monday 1 November 2004

Residential property consultant Hybrid Group claims investors undeterred by rising interest rates as another hike tipped

By The Landlord

Property investors claim they will still be be buying houses, even if interest rates rise again today.

The Reserve Bank is carrying out its review of the Official Cash Rate.

Economists are unanimously picking the OCR will be lifted for the sixth time this year, bringing it to 6.5 percent.

Residential property consultant the Hybrid Group say a survey has found 87 percent of property investors intend to buy within the next 12 months.

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