Tuesday, November 1, 2011

House prices

While mortgagees are likely to be happy about the 0.25 per cent cut in interest rates, they are less likely to be happy about the data released by the ABS today.

You can bet the media will be more focused on the cut than the decrease in house prices!

A 5 per cent fall in Brisbane - year on year - is particularly noteworthy with half of that fall coming in the last quarter.

No comments:

Post a Comment

Please be civil ...