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Renovation quotes can vary by up to 70%, according to a new report commissioned by building advisory service Archicentre, which has recently released a 'cost guide' with typical price ranges for various common renovation projects.
The Consumer Price Index rose by 3% nationally in the December quarter, prompting leading economists to predict an almost-certain February interest rate rise from the Reserve Bank of Australia (RBA).
The first half of 2008 will see the Australian property market reach a peak due to official interest rate hikes, tightening credits markets and the uncertain future of the economic and business sectors, according to RP Data.
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