The buoyant Australian property market may be proving too much for some first-time buyers, according to an industry association.
The record low interest on mortgages are expected to continue according to RBA.
Despite interest rate cuts, there seem to be fewer first home buyers in Australia.
REIA says the high standard of bank lending and low interest rates are good for the property market.
While financial lending for housing is growing more needs to be done to attract first-time buyers, according to the REIA.
REIA supports the RBA's decision to keep rates on hold and make room for further cuts later.
The Tasmanian government is the latest to announce it will be cutting First Home Owner grants.
REIA says that consumers are responding to the RBA's rate cuts.
REIA says the RBA’s rate cut will improve housing affordability in Australia.