Home Buyers Not Responding to Rate Cuts

March 24th,2014

The Real Estate Institute of Australia (REIA) says the latest housing figures released by the Australian Bureau of Statistics (ABS) show that the interest rate cuts of 2012 are having little impact on home buyers.

Housing finance figures for January 2013 show, in trend terms, that the number of finance commitments is down by 0.7 per cent - the fourth consecutive monthly drop.