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Demand coming from Chinese investors dropped, with Australia falling to the 2nd place in the list of countries where Chinese agents are selling, according to Investorist’s China 2019 International Property Outlook.
National Australia Bank (NAB) has forecasted that the cash rate will drop to 0.75%, with the first cut to be announced by the central bank on June 4 –about two weeks after the federal election.
Prime Minister Scott Morrison has led the Coalition to a surprise win in the federal election over the weekend, meaning negative gearing remains unchanged.
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