Rates Bite

Australasia’s largest real estate group Ray White says the RBA’s interest rate strategy has finally had an impact on residential sales. The group’s Australian business grew by eight per cent in April 2010, compared to the corresponding month last year. This was the slowest increase on a previous year’s results since the economic downturn of late 2008, said group joint chairman Brian White.

Source: Weekend Gold Coast Bulleting, 08 May, 2010.