Christies Beach RLA 266739
71 Beach Road Christies Beach
08 8382 3773
08 8382 7733Contact us
The RBA decided at its board meeting today to keep interest rates at 1.50 per cent. The statement by Philip Lowe has now been released. He said that “conditions in the housing market continue to vary considerably around the country. Prices have been rising briskly in some markets and declining in others. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of years. Rent increases are the slowest for two decades. Growth in housing debt has outpaced the slow growth in household incomes. The recently announced supervisory measures should help address the risks associated with high and rising levels of indebtedness.
Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.”
Click here to read the full statement.
Follow the Professionals Christies Beach real estate blog for more interesting articles.
Article posted by Melissa Chaplin