Ho, Ho, Home Owners Celebrate as RBA Cuts Rates

March 24th,2014

The Real Estate Institute of Australia (REIA) says today’s announcement by the Reserve Bank of Australia (RBA) to cut official interest rates by 0.25 percentage points to 3% is a great boost for home owners and potential buyers.

REIA President Ms Pamela Bennett says, “What we want to see now are the banks passing on the cut in full and giving housing affordability a real shot in the arm.”