It’s both Good News … and Bad News!

Business Investment

Business Investment

Government statistics show that business investment rose by 3.3% during the three months to June — most of it accounted for by a massive 20% surge in Victoria.

This increase is the latest confirmation that Australia has entered its recovery phase — emerging from the global turmoil, without experiencing a technical recession.

h3. But what does this mean?

In an earlier article, you read about the likelihood of future increases in interest rates — which will probably start later this year. And this could see mortgage rates jump about 2% by the end of 2010.

Given the high probability of inflation running out of control, you need to think seriously about locking in your interest rates — ideally for the next 6 to 8 years.

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