Powered by MOMENTUM MEDIA
subscribe to our newsletter

CPI figures ‘good news’ for home buyers

The latest consumer price index (CPI) figures confirm the Reserve Bank’s assessment that inflationary pressures are well contained, according to the Real Estate Institute of Australia (REIA).

REIA president Neville Sanders said this means that we can expect a sustained period of low interest rates, “which is good news for home owners”.

“In the December quarter, the CPI rose by 0.4 per cent and an annual rate of 1.7 per cent. These figures are well below the RBA’s target zone of two to three per cent and should ease any pressure on the interest rate outlook,” he said.

Mr Sanders added: “The annual changes for the analytical series of trimmed mean and for the weighted median were 2.1 per cent and 1.9 per cent respectively. In the case of the trimmed mean, this is the same as for the previous quarter and is the lowest annual increase since the series was introduced in June 2003, and for the weighted mean, the lowest since June 2012.

“With inflation under control and a moderating housing market, home buyers can expect a stable outlook.”

Advertisement
Advertisement

PROMOTED CONTENT


[Related: Housing and financial services lift CPI]

CPI figures ‘good news’ for home buyers
mortgagebusiness

Latest News

A “more optimal” retirement income system would involve retirees “more effectively” drawing on home equity to fund their standard of...

Non-major lenders continue to be the more highly rated lenders used by brokers for both turnaround times and policy, according to the lates...

Self-employed borrowers have been unable to access many current lender home loan promotions due to the stringent criteria, according to one ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: Digital mortgages and new SME platforms

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.