Housing Finance Shows Little Response to Rate Cuts

March 24th,2014

Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says the June housing figures released today by the Australian Bureau of Statistics (ABS) show there’s been little response to the interest rate cuts of May and June.

Housing finance figures for June 2012 show, in trend terms, that the number of finance commitments has declined by 0.1 per cent, making this is the sixth consecutive month of decreases.