Video: how will the november rate cut affect the property market in the lead up to christmas?
Australia's central bank cut the interest rate in November for the first time in 31 months. The reduction to 4.5 per cent (down 0.25 per cent) in response to global financial concerns has lowered mortgage payments for homeowners.
As the industry speculates about another quarter-percentage decrease in the near future, Australian broker John Symond shares his thoughts on how the November rate cut will affect the property market in the run-up to Christmas.
Watch the full video report at TheMoveChannel.tv: