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Finally, RBA cuts interest rate…

3 September, 2008 (12:35) | economy | By: kslow

In a move that is widely anticipated, the Reserve Bank of Australia adjusted the interest rate by 25 basis points to 7%. It is certainly good news for Australian property investors.

For more information, click on the link below.
http://www.news.com.au/business/money/story/0,25479,24281681-5016110,00.html

« Rate cuts expected in September 2008
Is it a good time to buy Australian properties when the interest rate is at an all time high?(well, it came down by 25 basis points last week) »

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