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Sydney vacancy rates remained steady in June, with only minor changes in Inner, Middle, and Outer Sydney, according to Real Estate of New South Wales’ (REINSW) Residential Vacancy Rate Report.
The Reserve Bank of Australia (RBA) has said it is ready to slash off the rates again “if needed” to support employment, wage growth, and inflation, after the June cut that saw rates falling to a record-low 1%.
House prices will rise this year, with another 3% growth by 2020, according to Australia and New Zealand Banking Group (ANZ).
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