REIQ Welcomes RBA Rate Cut Amid Ongoing Housing Pressure

The Real Estate Institute of Queensland (REIQ) has welcomed the Reserve Bank of Australia’s (RBA) latest decision to cut the official cash rate by 25 basis points to 3.85 per cent, offering much-needed relief for mortgage holders and a potential boost to housing supply.

This marks the second rate cut this year, following a similar reduction in February. REIQ CEO Antonia Mercorella said the move is particularly important for Queensland, where rapid population growth is fuelling housing demand.