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The Reserve Bank of Australia (RBA) has lifted the official cash rate by 25 basis points to 6.75% - an 11 year high following the strong inflation numbers in September. The widely anticipated rate hike will hit those who those repaying home loans as well as renters.
Australia's average rental vacancy rates fell to an all time low of 1.9% over the past two and a half years, according to a report by Mortgage Choice/REIA Real Estate Market Facts.
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