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RBA: Investors are Inflating House Prices

There is “no disputing” housing is expensive, says the Reserve Bank of Australia’s head of financial stability, but loosening lending standards to help first home buyers enter the property market would be “counterproductive”.  RBA head of financial stability Luci Ellis said today it was helpful — from a stability point of view — that there …

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Australia’s Unemployment Jumps to 6.3% in July

Australia’s unemployment rate jumped last month to the highest rate since January, rising faster than economists had expected after an increase in the participation rate during the month.  The unemployment figure rose to 6.3 per cent in July, according to official data from the Australian Bureau of Statistics, up from an upwardly revised rate of …

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Record Low Rental Yields May Impact Australian Property

One of the key factors powering Australia’s stellar home price boom is set to slow dramatically, economists warn—a change that could finally see the country’s seemingly endless run of property price appreciation take a well-needed pause. Speculative investors are a major force in Australia’s red-hot property market, helping push the value of residential property half …

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