Urban Taskforce CEO, Tom Forrest joined Sky News Australia to discuss the possibility of a rate cut in February.
“We certainly hope so. Like everyone else we’re all holding our breath,” Mr Forrest said.
According to Forrest, high holding costs have severely impacted the property sector, affecting not only borrowers but the entire economy.
“One of the key things that’s damaged the property sector is the very high holding costs,” he said.
To watch the complete interview, click here:
