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Interest rates unchanged.

The Reserve Bank (RBA) has decided not to cut interest rates leaving the official cash rate at 3.00%. spokesperson Anthony Ishac comments, “The RBA has kept the official cash rate on hold and is prepared to wait and see how domestic stimulus policy plays out. It is still too early to determine the outcome of measures to boost the economy with the likelihood that rates may stay at the current level for the next few months.

Sentiment from industry groups also indicates that now is still a good time for buyers and investors to enter the housing market in light of significant improvements in affordability and increased lending activity”.

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