Steady as She Goes for Reserve Bank of Australia

March 24th,2014

Real Estate Institute of Australia (REIA) President, Ms Pamela Bennett says today’s decision by the Reserve Bank of Australia to leave official interest rates unchanged was not unexpected.

The announcement coincides with the release of the Adelaide Bank/REIA Housing Affordability Report for the June quarter which shows improvement in housing affordability with the proportion of income required to meet loan repayments decreasing 0.8 percentage points to 31.9%.”