Interest rate cuts are welcomed

THE Real Estate Institute of South Australia has welcomed the Reserve Bank decision on Tuesday, May 3, to lower the cash rate by 25 basis points to 1.75 per cent.

“This is great news for South Aust­ra­lians looking to get into the housing market,” REISA CEO Greg Troughton said.

“The housing market is going along steadily at the moment and, with the recent submarines annou­n­ce­ment, should be a welcome boost to home buyers.

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