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Home Business News RBA makes interest rate call amid house price boom

RBA makes interest rate call amid house price boom

Image: Getty
Image: Getty

Australia’s official interest rate will remain at 0.10 per cent after the Reserve Bank of Australia (RBA) handed down its official verdict on Tuesday afternoon.

It comes as Australian home values record their fastest monthly growth in 32 years, increasing 2.8 per cent in March and sparking concerns of a bubble.

Image: CoreLogic.
Image: CoreLogic.

The median home value is now $624,768, an increase of $15,884 since January.

RBA Governor Philip Lowe said this trend is something the bank will now…

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