Housing Finance Shows Rate Cuts Were Overdue

March 24th,2014

Australian Bureau of Statistics' (ABS) housing finance figures for April 2012 show, in trend terms, that the number of finance commitments has again fallen, this time by another 0.4 per cent. This is the fourth consecutive month of decreases.

Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says the results are clear evidence that cuts to interest rates were needed earlier.