Will rate cuts save the property market?

Posted by admin on August 25th, 2008 filed in Uncategorized

Like most mortgage holders, I am hoping like hell that the Reserve Bank of Australia (RBA) cuts rates in September. If it does, it will be the first time in well over 7 years. Many assume that if the RBA slashes rates that this will immediately and automatically revive the property market. I am not so sure.