The Reserve Bank of Australia today made a big change with the existing board not expected to set the interest rates anymore, with a new separate board coming in to make the big decisions.

The new board also will not sit on the first Tuesday of every month and will only sit eight times in the year instead of 11 times, a move Chris O’Keefe believes is “a good thing”.

CEO of Freedom Property Investors, Scott Kuru, believes “these are very exciting times” for the property market in Sydney as more properties will come for sale.

Press PLAY to hear how the changes will affect the property market 

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