The Reserve Bank of Australia has kept interest rates on hold at 1.50 per cent at its September board meeting.
The Reserve Bank of Australia has kept interest rates on hold at 1.50 per cent at its September board meeting.
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Real Estate Institute NSW deputy president Brett Hunter said the RBA has taken a wait and see approach following an interest rate cut in August.
“The RBA has cut interest rates twice in 2016 and we are seeing more stock enter the market place as the weather warms up,” Mr Hunter said.
“September is traditionally a strong month for the real estate market and we anticipate that 2016 will be no different.”
The official cash rate has fallen 325 basis points since the downward trend commenced in November 2011.
The RBA will next meet on Tuesday, October 4.
