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A mortgage broker network has slammed the Reserve Bank for what it calls a complete lack of common sense after the bank decided to keep official interest rates on hold.
Adelaide has always been a subdued market; free from the volatility of some of Australia’s other capitals. Property movements are thoughtful and gradual, like the tortoise to the resource states’ hares.
Close to 70% of Aussie households have started the year in a stable financial position, according to the December 2012 St. George-Melbourne Institute Household Financial Conditions Report.