Rate hike set to take heat out of housing market - CoreLogic
The decision to lift the cash rate by 25 basis points after four months of pauses is likely to disrupt confidence and take some further heat out of the housing market rebound.
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.