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FIRST IN CLUB
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This is Australia Not the USA
Industry Market Wrap
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Stand by for two years of interest rate cuts
The Reserve Bank of Australia will not make a formal decision until tomorrow, but financial markets are in no doubt that there will finally be some relief for mortgage holders after seven years of rises.
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Retreat to bricks and mortar
With interest rates static or likely to fall and share returns heading south, houses are back on investors' radars.
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Inflation remains high, but rates likely to remain on hold
Although inflation remains well outside the Reserve Bank’s target range of two to three percent, the key indicators are pointing to a slowing economy and softening domestic demand, leading many experts to predict rates will remain stable and potentially fall during early 2009.
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Greed is at the root of the housing crisis

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