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Interest Rates Cut

3 May 16

The Real Estate Institute of South Australia (REISA) welcomes the decision of the Reserve Bank to lower the cash rate by 25 basis points to 1.75 per cent, effective tomorrow.

“This is great news for South Australians looking to get into the housing market.   The housing market is going along steadily at the moment and with the recent submarines announcement, should be a welcome boost to home buyers.” said REISA CEO, Greg Troughton.

“REISA urges the banks – and notes that the NAB have already done so – to pass on the rate cut in full so that its full effect can be enjoyed”.