RBA Keeps Interest Rates on Hold

RESERVE BANK OF AUSTRALIA KEEPS THE OFFICIAL CASH RATE ON HOLD
The Reserve Bank of Australia today decided to hold the official cash rate at 3.5 per cent for a second consecutive month – a decision that is expected to help to continue to stabilise Australia’s residential property market.

The Reserve Bank’s decision follows the recent release of RP Data-Rismark’s Hedonic Home Value Index, which showed that median home values across Australia’s capital cities increased by 0.6 per cent in July, off the back of a one per cent rise in June.

 

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Port Douglas real estate - Real estate in Port Douglas is now sought after the world over. Our passion for where we live stems from Port Douglas being the only place in the world where two natural, world heritage listed sites (the Great Barrier Reef & Daintree Rainforest) exist side by side. If you would like buy or live in your own piece of paradise, please browse our real estate listings http://www.realestateportdouglas.com.au The views expressed in the Port Douglas blogs are not those of Century 21 Port Douglas Real Estate nor the Century 21 franchise.
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