The September 2019 quarter CPI determine continues to be excellent news for house patrons and renters, in line with the Actual Property Institute of Australia (REIA).
“The All Teams CPI elevated by 0.5 per cent within the December quarter giving an annual improve of 1.7 per cent,” mentioned REIA President of Adrian Kelly.
“The annual adjustments for the analytical sequence of trimmed imply and for the weighted median have been 1.6 per cent and 1.2 per cent respectively.
At a look:
- All Teams CPI elevated by 0.5 per cent
- Housing Group elevated by 0.3 per cent for the quarter
- Rents elevated by 0.1 per cent for the quarter
“The annual change within the trimmed imply has been beneath 2 per cent since December 2015 and for the weighted median since March 2018 guaranteeing the continuation of traditionally low official rates of interest for a while but.
“The Housing Group elevated by 0.3 per cent for the quarter and 0.4 per cent for the 12 months to September 2019.
“Rents elevated by simply 0.1 per cent for the quarter and elevated by 0.4 per cent for the 12 months.
Mr Kelly mentioned the typical annual change has been lower than 1.0 per cent since December 2015.
“With the RBA assembly subsequent week house patrons will be snug within the information that the most recent inflation information would recommend that the RBA won’t be rising official rates of interest for a while but,” mentioned Mr Kelly.
