In a recent article by Enzo Raimondo, Chief Executive Officer of the Real Estate of Institute of Victoria, a body that regulates and governs estate agents in Victoria reported that house prices in the middle suburbs in Victoria recorded the highest capital growth rate during a 5-year period. Middle suburbs refers to the suburbs located [...]
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Lately, there were reports slashed all over major Australian newspapers reporting an all gloom and doom state for real estate in the country. Some reports suggested real estate prices in Australia to fall by a whopping 40% across the board because ‘economists believed that the real estate prices in Australia are currently grossly overvalued. Well, [...]
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The reserve bank of Australia has kept interest rate on hold. Official cash rate remains at 4.75% as it has been since November 2010. This is the wholesale rate before banks’ margins. The most competitive variable rates are around 7.00% now. Data released today has also showed the trade balance slipped back into a deficit [...]
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