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The Reserve Bank of Australia (RBA) announced on Tuesday that it is keeping the official cash rate on hold at 1.5% for the 28th consecutive month, marking the longest period ever for rates to remain static.
The Western Australia market is bouncing back from record lows, thanks to dipping vacancy rates and significant population growth.
CoreLogic reported preliminary auction results for this week, with 2,742 homes going under the hammer. This marked a slightly higher figure than the 2,701 auctions held the previous week.