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The most recent data from Australian Bureau of Statistics (ABS) showed that the country’s home loan approvals in June were down for both owner occupiers and housing investors.
The capital of New South Wales – which holds the reputation of being the most expensive and unaffordable city in Australia – has a median house value of $1,012,368 and a median unit value of $752,625.
The Reserve Bank of Australia (RBA) announced on Tuesday that it is leaving the nation’s official cash rate on hold at 1.50%, marking two years of the record low rate.
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