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Traders scale back bets on rate cuts as Sydney home prices surge

July's gain was the biggest based on RP Data-Rismark Sydney All Dwellings Index data going back to 2011

Singapore

IF Cate Blanchett or James Packer can get record prices for their Sydney pads, homeowners reason they can too. That bullish sentiment is one reason traders are scaling back bets on Australian central bank interest-rate cuts.

Blanchett, who plays the royal elf Galadriel in

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