The current 2.5% interest rate should be maintained by the RBA, according to the Real Estate Institute of Australia. RBA’s consumer inflation rate is at 2.2% as of this year, within the normal ranges of 2% – 3%.
The housing sector has increased by 2% as of the September quarter, a 0.6% increase from the previous quarter. Rent has also increased by 3.2% as of this year, showing clear signs that because of low interest rates; markets have shown steady performance and balance even if there is an increase in property investments.
Read more about this on the Property Observer website.