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Rate cut seen inflating Australia housing bubble

Home prices climbed 7.9 per cent across major cities last year after doubling in the decade to 2011, according to CoreLogic Inc.


GEOFF Schippers, a mortgage broker in Sydney, has seen an increase in clients looking for homes to buy since the central bank dropped its benchmark rate to a record low last week.

"At least 70 per cent of my clients are now contemplating investing in a residential property...

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