Low inflation data suggests interest rates likely to remain low: REIA
Inflation rose 0.2 per cent in the June quarter, making an annual increase of 1.9 per cent, suggesting that interest rates will remain low for some time, says Malcom Gunning, president of the REIA.
The lending figures show that the macro prudential measures introduced are working and that owner occupiers are the dominant force in the stabilising market.
