Ensure you never miss an issue of the
real estate business bulletin
CPI result points to lower mortgage rates

CPI result points to lower mortgage rates

by Reporter 0 comments

Staff Reporter

The latest inflation figures could encourage the Reserve Bank to drop the official cash rate even further, the Real Estate Institute of Australia’s (REIA) president Peter Bushby has claimed.

“The latest figures are well within the RBA’s target zone of two to three per cent and should provide a clear message to the board to further reduce official interest rates,” Mr Bushby said.

The analytical series of trimmed mean and weighted median increased by 0.3 per cent and 0.5 per cent respectively for the March quarter 2013 – compared to increases of 0.6 per cent in the December 2012 quarter.

“The annual changes for the trimmed mean and for the weighted median were 2.3 per cent and 2.6 per cent respectively, compared to 2.3 per cent and 2.5 per cent respectively for the 12 months to December 2012,” Mr Bushby said.

The housing group increased by 1.2 per cent for the March quarter compared to 0.2 per cent in the December 2012 quarter – the annual rate of increase was 5.1 per cent.

“With inflation well under control and a subdued economy, it’s appropriate we see a further cut in interest rates when the RBA board meets in May,” he said.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
CPI result points to lower mortgage rates
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?