Skip to main content
Sign in
Find an Agent
Store
REI Forms Live
News & Media
Create Account
Cart
Search
Toggle search
Keyword search
Toggle navigation
Keyword search
Year ends with no interest rate movement
4 December 2018
The Reserve Bank of Australia has kept interest rates on hold for the whole of 2018, following the decision to keep rates at 1.50 per cent at its December meeting, according to the Real Estate Institute of NSW.
REINSW President Leanne Pilkington said she expects to see the official cash rate remain at its current level through the first half of 2019.
“Subdued housing transaction activity and price declines in some markets make an interest rate increase in the near term an unnecessary risk,” Ms Pilkington said.
“A strong labour market will be a key factor supporting the economy as we look to the new year.”
The RBA cut interest rates by 25 basis points in August 2016, as well as May 2016. There were no changes to interest rates in 2017 and 2018.
The RBA will next meet on Tuesday, 5 February 2019.
Want more?
For further information or to arrange an interview with Leanne Pilkington, contact Helen Hull on 0419 642 961 or email
[email protected]
Download the media release
Have questions about this or any other issue?
Contact the REINSW Helpline
Want to keep up-to-date with industry news?
Become a member
Helen Hull I PR & Media Manager
Real Estate Institute of New South Wales
30-32 Wentworth Avenue, Sydney NSW 2000
0419 642 961 |
[email protected]
Please enable JavaScript to view the
comments powered by Disqus.
Share this page
Share on Facebook
Share on X (Twitter)
Share on LinkedIn
Email
More options
Bookmarks
Google+
MySpace
Reddit
StumbleUpon
Tumblr
Yammer
Related articles
Cup Day Meeting sees interest rate drop to historic low
(
3/11/2020
)
REIA says rate cut to help affordability for home buyers
(
2/07/2019
)
Year ends with no interest rate movement
(
4/12/2018
)
Cup Day meeting sees interest rates stable
(
6/11/2018
)
October meeting sees interest rates on hold
(
2/10/2018
)
Do you know all of your member benefits?
You could be missing out.
View all member benefits
{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##