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RBA's warnings take some heat out of property market, say real estate agents

2014-10-06 11:36:38| Real Estate - Topix.net

Attempts by the Reserve Bank of Australia to talk down what it sees as overpriced housing markets in Sydney and Melbourne have had some impact, according to real estate agents. A growing number of property agents around the country are reporting declining numbers at auctions in the two capital cities and less bidding pressure after year-on-year price growth of more than 14 per cent in Sydney and around 8 per cent in Melbourne.

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