Further Cuts in Interest Rates 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 only been a modest response to the interest rate cuts of 2012.

Housing finance figures for December 2012 show, in trend terms, that the number of finance commitments decreased by 0.1 per cent, following modest increases late last year.