The Agency's Managing Director and CEO Geoff Lucas said as suggested over the past few months, today’s 25 basis point increase is an appropriate and timely response by the RBA.
Interest rates increased today by 0.25 per cent. It won’t help fuel prices or electricity costs, it will prolong the rental crisis, worsen housing supply and further push up house prices.
Housing Accord will be impossible to meet - Ray White
According to Nerida Conisbee, Ray White Group Chief Economist, the role of building enough homes to increase affordability was surprisingly contentious until recently.
John McGrath – Investors increasingly looking to the regions
According to John McGrath, Chief Executive Officer of McGrath Estate Agents, city slickers who’d never seriously considered making the move to a regional area before suddenly had their eyes opened to the idea en masse.
REIA cautions RBA against taking a flutter on rate rises
The Real Estate Institute of Australia (REIA) President, Mr Hayden Groves, has welcomed the return of investors and first home buyers with the release of today’s ABS Lending Statistics and has cautioned the RBA to consider the evidence moving into the Cup Day RBA Monthly Board Meeting.
Lending for new homes remains at 20 year lows - HIA
“Despite a rise in the number of loans for the construction and purchase of new homes in September, they remain around their lowest levels for the past two decades,” stated Tom Devitt, HIA Senior Economist.
Sydney set to host busiest auction week in 18 months - CoreLogic
After recording the busiest auction week of the year-to-date last week, capital city auction activity is set to ease, with 2,105 homes currently scheduled for auction.