|
|
Article: SA: Real estate institute welcomes interest rate cut
- Article from:
- AAP General News (Australia)
- Article date:
- February 7, 2001
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
AAP General News (Australia)
02-07-2001
SA: Real estate institute welcomes interest rate cut
ADELAIDE, Feb 7 AAP - Today's cut in official interest rates would add further confidence
to an already strong South Australian real estate market, the Real Estate Institute of
SA (REISA) said today.
REISA president Barrie Magain welcomed the Reserve Bank of Australia's decision to
cut official interest rates by half a percentage point to 5.75 per cent.
"I don't think that this 0.5 per cent drop will result in a stampede of people looking
to buy property, but the trend is important for the ...