As the world waits to see what effect recent events in China and Greece might have on our vastly inter-connected global economy, local and overseas analysts consider the potential impact on future interest rate decisions here at home.

When the extent of China’s stockmarket turmoil became apparent earlier this month, our beloved property industry ‘Emos’ emerged in their droves to profess the imminent bursting of Australia’s so-called housing bubble.

Not since the decade that saw rock and roll truly emerge as an iconic aspect of American culture have variable interest rates been trending as low as they are right now.

In a highly competitive market where finance is relatively affordable, it’s easy for property investors to become complacent and just ‘go with the flow’.