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Interest rates still remain unchanged

In welcome news, the Reserve Bank of Australia decided to leave interest rates unchanged at thier February meeting.

The Reserve Bank of Australia decided that Inflation in Australia was sufficiently under control to warrant leaving interest rates unchanged.

This is welcomed news for all property investors and owner occupiers and will surely be a further stimulus to the continuing imrovement of East Coast markets and protection for the West Coast that is understandably slowing down after two years of tremendous growth.

Australia remains the most stable of interest rate markets with only 2% increase in the base rate since hiting a low point of 4.25% in December 2001.

In the same time, rates in US, UK and other markets have risen dramatically.

This stable environment and continued population growth are at the foundation of the stability of Australian property.

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