RBA Needs to Go Further with Rate Cuts

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 a modest response to the interest rate cuts of May and June.

Housing finance figures for September 2012 show, in trend terms, that the number of finance commitments has increased by a very modest 0.5 per cent, following the 0.6 per cent increase in August.