Low CPI is good news for homebuyers and renters

The June 2017 quarter CPI figures suggest the continuation of historically low interest rates for some time yet which is good news for homebuyers and renters, according to the Real Estate Institute of Australia (REIA).

“The All Groups CPI, increased by 0.2 per cent in the June quarter giving an annual increase of 1.9 per cent. This is marginally lower than the annual increase to the March quarter of 2.1 per cent,” REIA President Malcolm Gunning said.