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The RBA has left the cash rate at historic lows, as expected.
Sydney's auction clearance rate hit a 14-month high on the weekend, with 81% of properties put to auction selling, confirming the Harbour City's real estate market is streaking ahead of the rest of the country.
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Over the weekend, 86.4% of homes that were put to auction were sold, according to CoreLogic.
First time real estate purchasers in Australia are increasingly entering the property market as investors, says online property agency iBuyNew.
Low interest rates trumped election uncertainty in June, when ABS data shows lending for new homes rose strongly.
It’s the best first-home buyers’ market in Australia for many years, says First National Real Estate chief executive, Ray Ellis.
With interest rates at record lows, and amid a shortage of properties for sale, there was a spike in auction clearance rates over the weekend.
Shane Kempton, CEO of Professionals Real Estate Group believes now is an opportune time for young people to get into the WA property market.
The Real Estate Institute of Australia says the June 2016 quarter CPI figure is good news for home buyers and renters.
Sydney’s property auctions make great conversation starters, even with the peak of this cycle behind us.
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