Property

Agents welcome interest rate cut

CENTURY 21 agents have welcomed this week's decision made by the Reserve Bank of Australia (RBA) to lower the official cash rate by fifty basis points to 3.75 per cent and expects the move to encourage growth in Australia's property market.

"Should the banks pass on the rate cut, this decision should be an excellent shot in the arm for a relatively quiet property market and the economy at large," said Geoffrey Jordan, co-owner of Century 21 Marsden Realty.

"I believe the decision is the right one when considering the state of the Australian economy and could potentially be the first of a number of cuts.

The RBA's decision comes after the release of lower than expected inflation figures, ongoing economic turbulence in Europe and disappointing Housing Industry Association research showing that new home sales fell to their lowest levels in over a decade in March, 2012.

"With a relatively gloomy global economic outlook in the short term, now more than ever the RBA needs to encourage investment and consumer confidence to spur economic activity," Mr Jordan said.

Topics:  cash rate, ceasefire, interest rates, rba


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Christensen campaign signs defaced

FACE OFF: Federal member for Dawson George Christensen's campaign signs were targeted by vandals last night. 
Photo Rory Sheavils / The Guardian

Vandals last night defaced George Christensen's campaign signs.

Woman kicks and scratches police

An Airlie Beach woman has been charged after a vicious police assault.

Police have charged a woman following a violent attack.

Man believed to be driving at 180km/h on Bruce Highway

Police have caught a man doing 146km/h on the Bruce Highway.

Police have caught a man doing allegedly driving at 180km/h.

Latest deals and offers

Pullen manslaughter accused plead guilty: bid to find body

TWO men will accompany police to a location west of Collinsville to attempt to recover the body of Mackay man Timothy John Pullen.

Pony club pays tribute to Billie

YOUNG STAR: 12-year-old Billie Kinder. 
Photo contributed.

Former Whitsunday local 12-year-old Billie Kinder has died.

Christensen campaign signs defaced

FACE OFF: Federal member for Dawson George Christensen's campaign signs were targeted by vandals last night. 
Photo Rory Sheavils / The Guardian

Vandals last night defaced George Christensen's campaign signs.

Woman kicks and scratches police

An Airlie Beach woman has been charged after a vicious police assault.

Police have charged a woman following a violent attack.

Man believed to be driving at 180km/h on Bruce Highway

Police have caught a man doing 146km/h on the Bruce Highway.

Police have caught a man doing allegedly driving at 180km/h.

Labor candidate hears community concerns

LABOR'S STANCE: Labor candidate for the seat of Dawson Frank Gilbert visited Airlie Beach and Proserpine yesterday, meeting with locals to hear their concerns. 
Photo Rory Sheavils / The Guardian

Labor candidate hears community concerns

Caitlyn Shadbolt, Sara Storer join Gympie Muster bill

Caitlyn Shadbolt performs at CMC Rocks in March 2016.

AWARD-winning singers star in third line-up announcement.

Bennett, Langer, Thurston and others talk Cam Smith

Broncos and former QLD coach Wayne Bennett.

Broncos and former QLD coach plus past and present players talk about Cameron...

Barnaby Joyce talks Johnny Depp's dogs in Tweed

Deputy Prime Minister Barnaby Joyce talks about Johnny Depp's dogs Pistol and Boo...

Billy Slater talks Origin Team

Queensland Origin great Billy Slater.

Queensland Origin great Billy Slater talks about this years team and his return to...

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Sale nears on last large block of land in Coolum

The 43.37ha property on South Coolum Rd has sold.

South Coolum Rd property to be land banked