Cash rate remains on hold whilst auction activity rises and property prices fall
The Reserve Bank of Australia (RBA) has left rates at 1.5% for another month, as the Australian property market continues to fluctuate. By leaving the cash rate on hold for February, the RBA aims to strengthen the domestic economy amidst property market shifts.
Two of the most notable changes in the Australian property market over the last three months include a rise in auction activity and expensive property price falls.
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