With the Reserve Bank leaving interest rates unchanged, providing much need relief for home buyers and sellers before Christmas.
The reserve bank leaving rates at 4.75 per cent was music to most people ears. This matched what expectations of economists and investors had.
The central bank opted to keep rates steady after a string of weaker economic figures in recent weeks, including data showing the economy expanded by a disappointing 0.2 per cent in the third quarter.
Mr Morgan, for Harcourts Bunbury stated “The current real estate market has soften since the previous rate increase, which was unexpected…