1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

RBA holds interest rates

March 07, 2012

At a time when Australia is trying its best to pull out of a global recession, many sectors of the economy are being scrutinised.

One of those industries is the property sector as residential and commercial property investment is essential in encouraging economic growth.

As a result, the decision from the Reserve Bank of Australia (RBA) to hold official interest rates at 4.25 per cent in March has not been well-received by some bodies.

The Housing Industry Association (HIA) sees the move as slightly counter-productive and would have rather have seen a significant interest rate cut.

HIA chief economist Dr Harley Dale said the rate will hinder the activity of small and medium-sized businesses, as well as some large businesses.

Dr Dale said: "Against this backdrop, a rate cut today would have been the appropriate action to take."

However, a steady rate is preferred to an increase and recent numbers indicating a general rise in housing affordability may help to soften the difference.



Related Articles

Building booms across many sectors

There are numerous indicators of strength in the housing industry, and one strong signal of future ...
read more

Brisbane's fringe the place for office rental in the city

Those on the hunt for commercial real estate may want to look at Brisbane's fringe, according ...
read more

Brisbane industrial property a safe bet for investment

There is growing demand for industrial property in Brisbane, the latest report on the city's ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more