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  • Affordable Housing Before Profits

Affordable Housing Before Profits

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31-Oct-2011
Australia’s big four banks should commit now to an interest rate reduction next week if the RBA moves on official interest rates, the Human Services Minister, Cassy O’Connor said today. “The big four banks have a role to play in helping deliver affordable housing in Tasmania, and that means passing on any rate reduction from the RBA,” Ms O’Connor said.   “Economists are suggesting that the RBA will reduce interest rates at its meeting on Melbourne Cup Day – and we need a commitment from banks that they will pass it on.   “In Tasmania we have thousands of Tasmanian couples and families actively looking for opportunities to buy their first home – and bank interest rates are vital to get that started.”  Read More...
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This page last updated on 31-Oct-2011 12:51 PM