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Long-time investor Phillip King encountered the negative gearing setback that would end up crippling his residential investment goals – so, he turned to commercial property.
The Reserve Bank of Australia (RBA) said in the minutes of its April monetary policy meeting that a decrease in interest rate would likely be appropriate if inflation does not increase and unemployment tracks upward.
Clearance rates across capital cities rose during the first quarter, with Sydney posting the highest quarterly clearance rates, according to the latest CoreLogic Quarterly Auction Market Review.
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