The president of the Real Estate Institute of NSW, Wayne Stewart, said in response to yesterday's interest rate rise "The market is not driven by interest rates The greatest problem we are facing is the shortage of property".
"We will see a rise in mortgage stress sales but we urge people to think about the rate rises that have been promised for the last few months. When you are planning for the future you need to look at affordability."
Wednesday, April 7, 2010
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