{"id":3437,"date":"2023-04-14T13:33:19","date_gmt":"2023-04-14T03:33:19","guid":{"rendered":"https:\/\/theonsitemanager.com.au\/news\/?p=3437"},"modified":"2023-05-02T13:05:59","modified_gmt":"2023-05-02T03:05:59","slug":"reiq-welcomes-pause-on-interest-rate-pressures","status":"publish","type":"post","link":"https:\/\/www.theonsitemanager.com.au\/news\/reiq-welcomes-pause-on-interest-rate-pressures\/","title":{"rendered":"REIQ Welcomes Pause On Interest Rate Pressures"},"content":{"rendered":"\n<p><strong>The Real Estate Institute of Queensland (REIQ) has welcomed the RBA\u2019s decision to leave cash rates on hold this month, an important pause after 10 consecutive rises took it to a near 10-year high of 3.6%.<\/strong><\/p>\n\n\n\n<p>REIQ CEO Antonia Mercorella said the pause was a welcome reprieve to homeowners and small businesses who were unfairly carrying the burden of fixing the inflation curse.<\/p>\n\n\n\n<p>\u201cAround 650,000 households in Queensland are mortgaged and it\u2019s likely the RBA\u2019s aggressive tightening cycle is already weighing heavily on many mortgage holders,\u201d she said.<\/p>\n\n\n\n<p>\u201cA pause in interest rate hikes is an appropriate response at this time, allowing households and businesses a few moments to pause and assess their expenditure.<\/p>\n\n\n\n<p>\u201cIt also gives first home buyers a chance to stabilise their borrowing capacity.<\/p>\n\n\n\n<p>\u201cFurther, with loan activity for new builds at 18-year lows in Queensland, the pause will give consumers more confidence to proceed with building their dream homes.\u201d<\/p>\n\n\n\n<p>She called for the Government to ensure that fiscal policy did its part to curb inflation.<\/p>\n\n\n\n<p>\u201cNow it\u2019s important that the Government follows suit to ensure that fiscal policy matches monetary policy.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-center\">This article was contributed by REIQ.<\/p>\n\n\n\n<p class=\"has-text-align-center\">You can find more information at: <a href=\"https:\/\/www.reiq.com\/\">https:\/\/www.reiq.com\/<\/a><\/p>\n\n\n\n<p class=\"has-text-align-center\">Original article source: <a href=\"https:\/\/www.reiq.com\/articles\/reiq-welcomes-pause-on-interest-rate-pressures\/\">https:\/\/www.reiq.com\/articles\/reiq-welcomes-pause-on-interest-rate-pressures\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Real Estate Institute of Queensland (REIQ) has welcomed the RBA\u2019s decision to leave cash rates on hold this month, an important pause after 10&#8230;<\/p>\n","protected":false},"author":1279,"featured_media":3440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_mbp_gutenberg_autopost":false,"footnotes":""},"categories":[3,7,6,29,53,4],"tags":[],"class_list":["post-3437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-and-finance","category-general-interest","category-landlords-tenants-renting-and-management","category-real-estate","category-reiq","category-the-management-rights-market"],"_links":{"self":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/3437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/users\/1279"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/comments?post=3437"}],"version-history":[{"count":1,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/3437\/revisions"}],"predecessor-version":[{"id":3438,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/posts\/3437\/revisions\/3438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/media\/3440"}],"wp:attachment":[{"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/media?parent=3437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/categories?post=3437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theonsitemanager.com.au\/news\/wp-json\/wp\/v2\/tags?post=3437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}