3 February 2009
Interest rate cut welcomed by REINSW
Today’s full one percent cut in official interest rates has been welcomed by the Real Estate
Institute of New South Wales.
The 1% percent cut in official interest rates was announced by the Reserve Bank late today.
“Today’s action by the Reserve Bank is timely as the state desperately needs to attract
investors back into the market”, said REINSW President Steve Martin.
“This cut will hopefully deliver the type of momentum needed to kick start investor activity in
NSW.
“We have seen first home buyers (FHB) return to the market aided by lower interest rates
as well as additional FHB incentives.
“Yet investors in the commercial and residential sectors have yet to show that they are
confident enough to return to the market.
‘With interest rates now at 45 year lows, now is the perfect time for investors to secure a
solid investment in retail or commercial property”, said Mr. Martin.
Please direct media enquiries to Julian Brophy on 0408 276 749.
NEWS 
