PLUNGING interest rates are reviving Melbourne’s property market

Interesting article by Ben Butler and Ben Packham over at http://www.news.com.au/heraldsun/story/0,21985,25091470-5013926,00.html about

From the article:

The Reserve Bank has cut rates five times since August, slashing the official rate from 7 per cent to 3.25 per cent.

While those who fixed their home loan at last year’s higher rates have seen no relief, falling home loan rates have helped contribute to a clearance rate of 77 per cent this weekend.