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Rate cut will improve housing affordability, says real estate association

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Julia Corderoy | 05 Feb 2015, 06:30 AM Agree 0
The official interest rate cut made by the Reserve Bank on Tuesday will improve housing affordability, says a major real estate association
  • Rob | 05 Feb 2015, 10:33 AM Agree 0
    Interest rates go down.
    Housing sales volume increases.
    Demand creates housing price increases. Housing affordability goes down.
    Now what?
  • Papery | 06 Feb 2015, 10:39 AM Agree 0
    funny...most Lenders have already reached the floor on assessment rates so the rate cut will do nothing for those seeking a home finance now. The only ones to benefit will be existing borrowers who now have some capacity to adjust payment but if there smart, theyll keep paying their mortgages at the same rate& build equity (subject to ppty values at least staying steady).
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