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Real Estate Market News
Responsible Decision to Leave Rates on Hold
While a lot of Australian’s were caught up listening to or watching Australia’s greatest horse race The Melbourne Cup on Tuesday, the Reserve Bank Board announced that interest rates would remain on hold.
We believe, given the quick rebound of the Melbourne property market over recent months, this to be a responsible decision for the medium term. Buyers as we’ve seen have been quick to jump back into the market with their numbers well outstripping the current supply of properties for sale.

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