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RBA rate hikes smash new home sales

August 12, 2022 - 10:00 -- Admin

The Housing Industry Association (HIA) has released new home sales data for the month of July, with sales plunging 13.1%: Commenting on the result, HIA Chief Economist Tim Reardon noted that the decline in sales reflects the impact of the recent increases in the cash rate by the Reserve Bank of Australia, with builders reporting

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