Good news for home owners as the RBA leaves interest rates on hold

3 October 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent.

CoreLogic head of research, Tim Lawless comments:
 
Despite the housing downturn gathering some pace in September, with CoreLogic’s national index recording the largest fall in dwelling values over any three month period since late 2011, we don’t expect the RBA to throw a lifeline to the housing market in the form of lower interest rates. Considering dwelling values comprise around 55% of household wealth and about 70% of household debt, the RBA has a keen interest in the housing markets performance. 

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