Original article by Su-Lin Tan
The Australian Financial Review – Page: 5 : 4-May-16

The Housing Industry Association has urged Australia’s major mortgage lenders to match the Reserve Bank’s 25 basis point reduction in the cash rate. Property industry experts say the new cash rate of 1.75 per cent will encourage first-home buyers to enter the property market, while LJ Hooker CEO Grant Harrod adds that it will bolster the housing markets of capital cities that are underperforming. The central bank does not expect the rate cut to significantly increase house prices.

CORPORATES
RESERVE BANK OF AUSTRALIA, HOUSING INDUSTRY ASSOCIATION LIMITED, LJ HOOKER (AUSTRALIA) PTY LTD, CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, RATECITY PTY LTD, FINDER.COM.AU, MORTGAGE CHOICE LIMITED – ASX MOC, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, THE REAL ESTATE INSTITUTE OF QUEENSLAND LIMITED