Rates on Hold Ahead of Federal Election

March 24th,2014

The Real Estate Institute of Australia (REIA) says that the decision made by the Reserve Bank of Australia (RBA) to keep official interest rate on hold days before the election was the right one.

REIA President Peter Bushby says, “In recent years, lower borrowing costs have been a major driver of improving housing affordability and have helped many Australians with their mortgages.”