RBA holds but prospect of rises failing to quell market
The prospect of interest rate hikes has yet to impact an Australian property market that continues to see auctions running hot, prices taking off and stock levels diminish.
With experts divided on the prospect of interest rate hikes this year, the market is voting with its wallet. (Image source: Shutterstock.com)
The RBA has kept rates steady at its 1 February Board meeting but prospect of eventual interest rate hikes has yet to impact an Australian property market that continues to see auctions running hot, prices taking off and stock levels diminish.
While the experts remain divided on the likelihood of the Reserve Bank of Australia (RBA) raising the official cash rate this year, property buyers are facing the prospect of higher debt servicing costs an…
