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REINSW welcomes further drop in interest rates
The 1% percent cut in official interest rates was announced by the Reserve Bank today.
“The second 1% interest rate cut since October is great news and will deliver a much needed boost to the NSW real estate and property sector,” said REINSW President Steve Martin.
“More importantly, the latest interest rate cut will help make home ownership more affordable and investing in property even more attractive.
“This interest rate cut, along with those previously announced, means the dream of home ownership can indeed become a reality.
“Nowhere is this more the case than for the first home buyer.
“We now have significantly lower interest rates combined with more benefits under the first home buyers’ scheme, which are making the market more affordable than it has been in many years.
“If anyone was looking for a time to jump into the market for the first time, then this is it,” said Mr Martin.
Please direct media enquiries to Julian Brophy on 0408 276 749.
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