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The latest cash rate cut by the Reserve Bank of Australia (RBA) has stirred interest in property, a survey has found.
The online poll by mortgage provider Loan Market found 62 per cent of respondents said they were now more interested in purchasing real estate.
Of these, 42 per cent of the 785 respondents said their interest had risen slightly, while 20 per cent believed they were ready to buy now.
The RBA cut the cash rate by 25 basis points to 3.25 per cent earlier this month, a large proportion of which was passed on by lenders.
"It's a positive for the market that the latest RBA rate cut coupled with the 75 basis point reductions earlier in the year have clearly stimulated consumers," Loan Market corporate spokesman Paul Smith said in a statement on Thursday.
However, 15 per cent of those surveyed were waiting for more interest rate cuts, while 23 per cent said the latest rate cut had made no impact on them.
Mr Smith said there remained a group of consumers who were more concerned about other aspects of the economy than rate movements.
"There is still a core group of people who are waiting to see the direction of the overall economy before they consider purchasing property," he said.
Based on information provided by and with the permission of the Western Australian Land Information Authority (2013) trading as Landgate.