RBA Disappoints Home Buyers

March 24th,2014

The Reserve Bank’s decision to leave rates unchanged is very disappointing news for home buyers, according to the Real Estate Institute of Australia (REIA).

“Current inflation figures are well within the Reserve Bank of Australia’s (RBA) target zone of 2-3 per cent with expectations that this will fall further. This together with low levels of demand in many sectors of the economy should have provided a clear indicator to cut rates,” said REIA President, Ms Pamela Bennett.