The Real Estate Institute of Queensland (REIQ) has welcomed the Reserve Bank of Australia’s (RBA) decision to deliver a third cash rate cut this year, describing it as a much-needed boost for households and the wider economy.
The RBA announced a 25-basis-point reduction, bringing the official cash rate to 3.6 per cent. The move follows earlier cuts in February and May, as the central bank responds to weaker growth indicators and easing inflationary pressures.
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