2nd Rates cut will stimulate housing & retail - API

The Australian Property Institute Queensland believes the second successive rate cut of .25% will stimulate both the property market and the retail sector.

API (QLD) State President, Mr Philip Willington said both the general lack of consumer and business confidence in Queensland had led to a reduction in first and second home buyer activity and softening of property prices around the State.  This second rate cut in as many months will help community confidence.

“Lower interest rates will have a positive impact on construction activity, retail sales and the Queensland economy as a whole.”