Rate rise will hit renters hardest |
|
|
|
|
| The Australian Financial Review --- Page: 50 : 26 October 2006
Original article by Jason Clout
| | ABIX Summary | A rise in Australia's official interest rates in November 2006 would increase pressure on rents. The property industry says a rate rise would slow the construction cycle and affect the rental market. Graham Joyce, of the Real Estate Institute of Australia, says vacancy levels are already low and a rate rise would make it more difficult for renters. Harley Dale, of the Housing Industry Association, says a rate rise would cause a further decline in housing affordability in the December quarter.
| | | | Full text Fairfax Newsstore (pay-per-view) |
|
