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Real Estate Briefing - Categorized | Finance, Market Moves, Regulatory more

Property market waits for RBA rate cut, but experts warn banks hold all the power

Posted on 30 April 2012

The property market is begging for a cut to the official interest rate tomorrow, but experts warn everything depends on the big four banks, and whether they will decide to follow the Reserve Bank’s actions.
The comments come as the auctions market dropped to a new low in Sydney, while remaining steady in Melbourne, although listings are still well under the same levels recorded last year………………………………………..Full Article: Source


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