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The week that was in property
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The week that was in property

The Reserve Bank (RBA) held their monthly board meeting earlier this week and at the meeting they chose to keep official interest rates on hold at 1.5%. The key points of note from the statement following the meeting were: The economy is continuing its transition following the end of the mining investment boom. The unemployment…

Migrant multi millionaires fuel our property boom
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Migrant multi millionaires fuel our property boom

Many factors have been blamed for the booming property market in Sydney and Melbourne. Of course foreign investors have been one of the factors but now multimillionaire foreign migrants are being blamed.    Recently the Australian reported that more than 11,000 “migrant millionaires” helped fuel the Sydney and Melbourne property markets last year. Australia is now…

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