In a surprise move to many analysts, the RBA today cut interest rates by 0.25% to 2.75%, a record low for Australia. The Board previously noted that the inflation outlook would afford scope to ease rates further. With inflation being a little lower than expected, Glenn Stevens, RBA Governor, in…
National house prices fell by 0.6% in the 4th quarter of 2012, with prices falling in all states except Western Australia, which grew by 0.4%. Victoria had the biggest fall in prices (-0.9%). NAB’s modelling indicates that average house prices will grow by around 1.5% by year end and by…
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