Thu, Oct 2, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Market Moves, Mortgage more

Australia: Rate cuts could buoy property market

Posted on 07 October 2008

Property buyers and sellers will “rush back to the market” after today’s huge interest rate cut by the Reserve Bank. “People will certainly rush back to the market, and the incentives are there, more likely now than ever to buy,” says Phil Naylor of Mortgage and Finance Association of Australia.

The Reserve Bank slashed interest rates by a whopping one percentage point today, to 6 per cent – the largest cut since May 1992. The market had tipped a 50 basis point cut, with banks expected to pass on about half of that…… Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031