December Rate Cut Justified

March 24th,2014

Real Estate Institute of Australia (REIA) President, Mr Peter Bushby says the housing figures released today by the Australian Bureau of Statistics (ABS) show there’s been a modest response to the interest rate cuts of May, June and October.

Housing finance figures for October 2012 show, in trend terms, that the number of finance commitments has increased by a very modest 0.6 per cent, following similar increases in September and August.