Auction Results Sydney 7 November 2020
Auction Results Sydney
Comment: Auction Results Sydney
The Reserve Bank of Australia has cut the official interest rate by 0.15 to 0.10 per cent
Real Estate Institute of NSW president and Laing+Simmons managing director Leanne Pilkington said rate cut-induced prices rises could make homes less affordable.
“I think the property market is already seeing a lot of price pressure as a result of a lack of stock,” she said. “This rate cut will potentially exacerbate that. History has shown us that whenever interest rates go down, prices go up.
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