Australia rate cut good for foreign builders, buyers
But borrowing rates still considered high, and strict lending will limit the odds of an investor-driven bubble
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AUSTRALIA's 25-basis-point rate cut to a record low of 2.25 per cent last week is expected to benefit developers with property assets and building projects Down Under, as well as those eyeing acquisitions.
It will also be a boon for homebuyers, and an even bigger one for overseas investors drawn by the correspondingly weaker Australian dollar (AUD).
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