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In the last year, there were 90, 210 first-home buyers across Australia, 35% lower than the previous year and a seven-year low, according to BankWest, a Western Australia-based lender and unit of Commonwealth Bank.
WSJ: Australian Property, Long an Outlier, Joins Decline
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At the moment many of the most obvious contenders, such as Australia's Maquarie Bank, are sellers of airports, not buyers (see article).
ECONOMIST: Buying airports: Ward of the state | The
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Analysts said that the central bank, the Reserve Bank of Australia (RBA), needed to do more to ensure that its rate cuts were fully passed on the home buyers.
BBC: A for sale sign in front of an apartment block in Australia