Housing Finance Suggests Further Rate Cuts Needed

March 24th,2014

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

"Housing finance figures for August 2012 show, in trend terms, that the number of finance commitments has increased by a very modest 0.4 per cent."

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