Positive sign Aussies have been waiting for as hopes rise for interest rate cut

Australian housing deedors can now expect a rate reduction soon with the decrease in inflation.

Headline inflation, also known as the consumer price index, fell to 2.4 percent last year.

The underlying inflation, also known as the trimmed average, defeated 3.2 percent, so that it only marginal above the objective of 2 to 3 percent of the reserve bank.

Australian Housing Banors can now expect a rate reduction soon with the fall in inflation