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	<title>My Sydney Real Estate &#187; Interest Rates</title>
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	<link>http://mysydneyrealestate.com</link>
	<description>A collection of the latest blog posts, news and articles covering Sydney Real Estate</description>
	<lastBuildDate>Tue, 27 Jul 2010 17:28:00 +0000</lastBuildDate>
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		<title>Rangas, budgie smugglers and real estate!</title>
		<link>http://mysydneyrealestate.com/2010/07/23/rangas-budgie-smugglers-and-real-estate/</link>
		<comments>http://mysydneyrealestate.com/2010/07/23/rangas-budgie-smugglers-and-real-estate/#comments</comments>
		<pubDate>Thu, 22 Jul 2010 16:39:10 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Sydney Real Estate]]></category>
		<category><![CDATA[beauty point real estate]]></category>
		<category><![CDATA[virtual realty news]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/07/23/rangas-budgie-smugglers-and-real-estate/</guid>
		<description><![CDATA[ . Robert is on holidays and I will not even try to match his massive output.  I realised just how much preparation and research goes into his weekly column when I sat down and wondered where to start! Robert will be doing his best work this week in Thailand (similar to Sir Les Patterson as the Australian Cultural Attache).   With the election looming, he will no doubt be explaining to the Thais what “budgie smugglers” are and what “ranga” means in the Australian vernacular. Election &#8230; how will it affect our real estate market, you ask?  Well 10 years ago and beyond, people always sat on the fence until they saw which party was elected and how the result could possibly change their lives.  Three  months later (usually) things were back to normal!   However, today, many voters are not too concerned as they think both parties are closely aligned  in their business outlooks. As one of our clients said the other day, “we have recently had 12 years of a Liberal Government so if they get back in we know how they operate”.  ... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2009/11/18/australian-real-estate-investment-the-sydney-housing-market/' rel='bookmark' title='Permanent Link: Australian Real Estate Investment &amp; the Sydney Housing Market'>Australian Real Estate Investment &amp; the Sydney Housing Market</a></li>
<li><a href='http://mysydneyrealestate.com/2009/11/18/real-estate-in-australia/' rel='bookmark' title='Permanent Link: Real Estate in Australia'>Real Estate in Australia</a></li>
<li><a href='http://mysydneyrealestate.com/2010/03/12/google-rumoured-to-be-hiring-online-real-estate-sales-people/' rel='bookmark' title='Permanent Link: Google Rumoured to be Hiring Online Real Estate Sales People &#8230;'>Google Rumoured to be Hiring Online Real Estate Sales People &#8230;</a></li>
</ol>]]></description>
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		<title>It’s cold and we’re off to the polls – acute market negativity!</title>
		<link>http://mysydneyrealestate.com/2010/07/16/it%e2%80%99s-cold-and-we%e2%80%99re-off-to-the-polls-%e2%80%93-acute-market-negativity/</link>
		<comments>http://mysydneyrealestate.com/2010/07/16/it%e2%80%99s-cold-and-we%e2%80%99re-off-to-the-polls-%e2%80%93-acute-market-negativity/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 15:55:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Sydney Real Estate]]></category>
		<category><![CDATA[balmoral]]></category>
		<category><![CDATA[cammeray real estate]]></category>
		<category><![CDATA[colmar brunton]]></category>
		<category><![CDATA[mosman]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/07/16/it%e2%80%99s-cold-and-we%e2%80%99re-off-to-the-polls-%e2%80%93-acute-market-negativity/</guid>
		<description><![CDATA[ . Plenty of negative sentiment about the property markets at the minute – so try telling somebody who cares, given purchasers and vendors appear a thousand miles apart (for the moment anyway). Last week, I wrote that July can be a lost property month as so many are away on holidays. This is echoed with website traffic where Unique Visitors are busily visiting other sites such as beach resorts and or snowfields. Sour outlook for house prices as investors are the only source of growth in market which is interesting given investors tend to only play when they identify a buyer’s market. Clearance rate slumps as supply surges where it was reported “Sydney’s auction clearance rate plummeted at the weekend with just 49 per cent of properties selling – the poorest result for 18 months.” To confuse the issue further home loans up for first time in eight months which is a clear sign of market recovery. “The number of new owner – occupied home loans rose 1.9 per cent in May, the first increase in eight months. Lending to housing investors continued its recent surge, rising 2.6 per cent in value, and has now swelled by 35 per cent since early last year. No doubt investors are circling First Home Buyers who are feeling the strain of increased funding costs. The Australian Bureau of Statistics (ABS) released its lending finance approval data this week – lending remains subdued, easing bubble ... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2010/05/21/is-australia-double%e2%80%93dipping-we-all-need-to-kiss-keep-it-simple-stupid/' rel='bookmark' title='Permanent Link: Is Australia double–dipping? We all need to KISS (keep it simple stupid!)'>Is Australia double–dipping? We all need to KISS (keep it simple stupid!)</a></li>
<li><a href='http://mysydneyrealestate.com/2009/11/23/australia-weekly-market-outlook-international-business-times/' rel='bookmark' title='Permanent Link: Australia Weekly Market Outlook &#8211; International Business Times'>Australia Weekly Market Outlook &#8211; International Business Times</a></li>
<li><a href='http://mysydneyrealestate.com/2010/02/04/property-market-2010-buying-a-home-in-sydney-amanda-segers/' rel='bookmark' title='Permanent Link: Property Market 2010 &#8211; Buying a home in Sydney | Amanda Segers &#8230;'>Property Market 2010 &#8211; Buying a home in Sydney | Amanda Segers &#8230;</a></li>
</ol>]]></description>
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		<title>Mortgage early exit fees can now be challenged</title>
		<link>http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged/</link>
		<comments>http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 01:57:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Sydney Property]]></category>
		<category><![CDATA[Sydney Real Estate]]></category>
		<category><![CDATA[auction clearance rates]]></category>
		<category><![CDATA[result]]></category>
		<category><![CDATA[rouse hill times]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged/</guid>
		<description><![CDATA[ JULY 1 brought a number of changes for the new financial year, including income tax cuts. But new rules also now apply in regards to exit fees on home loans. According to financial comparison service provider RateCity, the change allows borrowers to challenge early exit fees they feel are unfair or unconscionable. The Australian Securities and Investment Commission would be given supervisory powers over exit fees. RateCity chief executive officer Damian Smith said &#8220;it is great news for borrowers to have the government and ASIC ensuring that borrowers won&#8217;t be discouraged to leave their current mortgage for a better deal. &#8220;The crackdown on over-priced early exit fees will hopefully spark greater competition by lenders, as they will need to keep in line with the competition if they want to keep their market share of mortgages.&#8221; However Mr Smith said the change only applies to mortgages taken out from July 1. A potential drawback of the changes is that other fees, such as documentation or settlement fees, may be increased, or new ones, including documentation or administration charges, may be introduced. A spokeswoman for Mr Smith said the Australian Bankers Association was quoted as saying establishment fees for Australian mortgages are cheaper than overseas ... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged-2/' rel='bookmark' title='Permanent Link: Mortgage early exit fees can now be challenged'>Mortgage early exit fees can now be challenged</a></li>
<li><a href='http://mysydneyrealestate.com/2009/11/16/australian-mortgage-arrears-in-decline/' rel='bookmark' title='Permanent Link: Australian mortgage arrears in decline'>Australian mortgage arrears in decline</a></li>
<li><a href='http://mysydneyrealestate.com/2010/05/23/mortgage-offset-account/' rel='bookmark' title='Permanent Link: Mortgage Offset Account |'>Mortgage Offset Account |</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Mortgage early exit fees can now be challenged</title>
		<link>http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged-2/</link>
		<comments>http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged-2/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 01:57:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Sydney Property]]></category>
		<category><![CDATA[commission]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[result]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged-2/</guid>
		<description><![CDATA[ JULY 1 brought a number of changes for the new financial year, including income tax cuts. But new rules also now apply in regards to exit fees on home loans. According to financial comparison service provider RateCity, the change allows borrowers to challenge early exit fees they feel are unfair or unconscionable. The Australian Securities and Investment Commission would be given supervisory powers over exit fees. RateCity chief executive officer Damian Smith said &#8220;it is great news for borrowers to have the government and ASIC ensuring that borrowers won&#8217;t be discouraged to leave their current mortgage for a better deal. &#8220;The crackdown on over-priced early exit fees will hopefully spark greater competition by lenders, as they will need to keep in line with the competition if they want to keep their market share of mortgages.&#8221; However Mr Smith said the change only applies to mortgages taken out from July 1. A potential drawback of the changes is that other fees, such as documentation or settlement fees, may be increased, or new ones, including documentation or administration charges, may be introduced. A spokeswoman for Mr Smith said the Australian Bankers Association was quoted as saying establishment fees for Australian mortgages are cheaper than overseas because they are offset by higher exit fees. Meanwhile existing mortgage holders are being urged to take advantage of last week&#8217;s decision by the Reserve Bank not to raise interest rates and pay more off their loans... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2010/07/15/mortgage-early-exit-fees-can-now-be-challenged/' rel='bookmark' title='Permanent Link: Mortgage early exit fees can now be challenged'>Mortgage early exit fees can now be challenged</a></li>
<li><a href='http://mysydneyrealestate.com/2009/11/16/australian-mortgage-arrears-in-decline/' rel='bookmark' title='Permanent Link: Australian mortgage arrears in decline'>Australian mortgage arrears in decline</a></li>
<li><a href='http://mysydneyrealestate.com/2010/05/23/mortgage-offset-account/' rel='bookmark' title='Permanent Link: Mortgage Offset Account |'>Mortgage Offset Account |</a></li>
</ol>]]></description>
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		<title>Back flips, mistakes and a broken economic compass!</title>
		<link>http://mysydneyrealestate.com/2010/07/09/back-flips-mistakes-and-a-broken-economic-compass/</link>
		<comments>http://mysydneyrealestate.com/2010/07/09/back-flips-mistakes-and-a-broken-economic-compass/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 15:01:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Sydney Real Estate]]></category>
		<category><![CDATA[cammeray real estate]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[hindsight]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/07/09/back-flips-mistakes-and-a-broken-economic-compass/</guid>
		<description><![CDATA[ . With the benefit of hindsight, we ask, did the powers that be in Canberra get the stimulus spending right whilst addressing the global financial crisis? If not, what have they learned from it (if anything)? The answer would be absolutely nothing, given nothing has, or is, being done about housing. Construction activity falls in June which is a clue dropping 6.8 points in June to a 10 – month low. More construction equates to more homes which in turn, reduces house prices. The construction industry ‘is’ the third biggest employer in Australia (or  should that be ‘was’?) The major problems attributed to Forts Fumble and Crumble is that economically, they confuse usage with wastage (otherwise known as “reckless and wasteful spending”). After all, Fort Fumble is still borrowing almost $100 million a day which is in direct competition with home borrowers and small business as Joe Hockey tells govt to cool spending . The Reserve Bank of Australia (RBA) met this week and decided to keep rates on hold despite solid numbers . Of course the announcement was met with the usual rhetoric Wayne Swan welcomes interest rate decision citing “while we’ve fought off the recession and kept unemployment low, we know that a lot of people are still doing it tough and recent rate rises have stretched family budgets.” More Treasurer speak “we’re focussed on reforming and strengthening our economy with investments to harness mining boom mark 11 where the Liberals failed in mining boom mark 1.” Wayne is ... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2010/05/14/a-budget-base-that-lights-up-and-%e2%80%98mines-your-own-business%e2%80%99/' rel='bookmark' title='Permanent Link: A budget base that lights up and ‘mines your own business’!'>A budget base that lights up and ‘mines your own business’!</a></li>
<li><a href='http://mysydneyrealestate.com/2010/06/01/wealthruproperty-com-%c2%bb-will-the-rba-raise-interest-rates-in-june-2010/' rel='bookmark' title='Permanent Link: wealthruproperty.com » Will the RBA raise interest rates in June 2010?'>wealthruproperty.com » Will the RBA raise interest rates in June 2010?</a></li>
<li><a href='http://mysydneyrealestate.com/2010/06/01/wealthruproperty-com-%c2%bb-will-the-rba-raise-interest-rates-in-june-2010-2/' rel='bookmark' title='Permanent Link: wealthruproperty.com » Will the RBA raise interest rates in June 2010?'>wealthruproperty.com » Will the RBA raise interest rates in June 2010?</a></li>
</ol>]]></description>
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		<title>July (for some) can be a lost property month!</title>
		<link>http://mysydneyrealestate.com/2010/07/02/july-for-some-can-be-a-lost-property-month/</link>
		<comments>http://mysydneyrealestate.com/2010/07/02/july-for-some-can-be-a-lost-property-month/#comments</comments>
		<pubDate>Thu, 01 Jul 2010 14:57:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[Sydney Real Estate]]></category>
		<category><![CDATA[balmoral]]></category>
		<category><![CDATA[poets day]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/07/02/july-for-some-can-be-a-lost-property-month/</guid>
		<description><![CDATA[ . Australians love acronyms although one that never applies to the real estate industry is POETS day – Pi$$ Off Early Tomorrow’s Saturday! However, for the month of July, it applies simply because (traditionally) it is seen as the month for ‘resting’ properties. Then when August arrives and the weather starts to warm, it is Game On again, for the final run through to Christmas. In July, Aussies chase the ‘S’ word – Sun, Snow and school holidays. Of course, property deals are still transacted thanks to the availability of excellent technologies. We are at the start of a new financial year and by all accounts it will be another interesting one the fizz has gone, but it will be a wild year . ‘The past financial year has been one of contrasts. It began with such vigour and such optimism. By Christmas almost every major commentator was predicting that not only were we out of the mire, but that we were witnessing the dawn of the greatest bull run of all time. That rocky period between late 2007 and early 2009.Hah! That was merely a hiccup.” BUY PRINT Clear waters ahead; keep swimming between the flags or stay in the pool? Greece and Europe face another 48 hours while the world worries about recovery as fears ... [...]


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<li><a href='http://mysydneyrealestate.com/2010/04/16/it%e2%80%99s-official-mosman-is-australia%e2%80%99s-number-one-real-estate-municipality/' rel='bookmark' title='Permanent Link: It’s official!  Mosman is Australia’s number one real estate municipality.'>It’s official!  Mosman is Australia’s number one real estate municipality.</a></li>
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</ol>]]></description>
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		<title>Same horse different jockey – Giddy Up Gillard takes over the Reins</title>
		<link>http://mysydneyrealestate.com/2010/06/25/same-horse-different-jockey-%e2%80%93-giddy-up-gillard-takes-over-the-reins/</link>
		<comments>http://mysydneyrealestate.com/2010/06/25/same-horse-different-jockey-%e2%80%93-giddy-up-gillard-takes-over-the-reins/#comments</comments>
		<pubDate>Thu, 24 Jun 2010 14:52:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
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		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/06/25/same-horse-different-jockey-%e2%80%93-giddy-up-gillard-takes-over-the-reins/</guid>
		<description><![CDATA[ . It started as a two horse race then a last minute scratching but were they polls apart? A ruthless party room coup that saw The Emperor now destined for the Ministry of Where Are They Now – this was described by some as a professional hit by a broken party feeding on its own t he execution of Kevin Rudd . On a sadder note we lost an interesting character here at Virtual Realty News – bugger! Gillard becomes Australia’s first female prime minister as a tearful Rudd stands aside – Operation Ranga which left The Emperor’s curriculum vitae resembling a post – it note. Giddy Up Gillard announced the cull &#8211; a good government was losing its way and straight into a gallop, cancelled  the tax – payer funded mining advertising campaign. Ironic  that this was strongly supported by the newly anointed deputy prime minister Wayne “Left – Right” Swan. During Question Time they kept exiting Finance Minister Lindsay Tanner won’t contest seat so the “Big Four” – Rudd, Swan, Gillard and Tanner  has been reduced to the “odd couple”. The Emperor has become the first Labor prime minister to be removed from office in his first term. Giddy Up Gillard will be hoping in a short space of time, that  they become polls apart. Fort Fumble is today looking more like Fort Chaos  - all ... [...]


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</ol>]]></description>
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		<title>Australian consumer confidence takes another dive</title>
		<link>http://mysydneyrealestate.com/2010/06/09/australian-consumer-confidence-takes-another-dive/</link>
		<comments>http://mysydneyrealestate.com/2010/06/09/australian-consumer-confidence-takes-another-dive/#comments</comments>
		<pubDate>Wed, 09 Jun 2010 09:10:02 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
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		<description><![CDATA[Last month's fall was linked to the ongoing hikes in Australian interest rates . Australia was the first economy to raise rates from a 50-year low as the economic downturn eased. Other major economies opted for lower interest rates to ... [...]


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<li><a href='http://mysydneyrealestate.com/2010/03/10/maxynews-consumer-confidence-on-the-rise-in-australia/' rel='bookmark' title='Permanent Link: MaxyNews: Consumer Confidence on the Rise in Australia'>MaxyNews: Consumer Confidence on the Rise in Australia</a></li>
<li><a href='http://mysydneyrealestate.com/2010/05/18/queensland-and-australian-politics-consumer-affairs-australian-2/' rel='bookmark' title='Permanent Link: Queensland and Australian Politics &amp; Consumer Affairs: Australian &#8230;'>Queensland and Australian Politics &amp; Consumer Affairs: Australian &#8230;</a></li>
</ol>]]></description>
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		<title>DJ Australian Exchange Building Futures Portal To Chicago &#8230;</title>
		<link>http://mysydneyrealestate.com/2010/06/09/dj-australian-exchange-building-futures-portal-to-chicago/</link>
		<comments>http://mysydneyrealestate.com/2010/06/09/dj-australian-exchange-building-futures-portal-to-chicago/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 14:30:32 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[equinix]]></category>
		<category><![CDATA[futures]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[markets]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/06/09/dj-australian-exchange-building-futures-portal-to-chicago/</guid>
		<description><![CDATA[... Equinix data center, the ASX is laying a path for traders based in the facility to hook into the Sydney futures markets, which are heavily geared toward Australian interest rates and open up just after the Chicago markets close. ... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2010/02/05/foreign-exchange-australian-dollar-news-torfx-foreign-exchange/' rel='bookmark' title='Permanent Link: Foreign Exchange &#8211; Australian Dollar News : TorFX Foreign Exchange'>Foreign Exchange &#8211; Australian Dollar News : TorFX Foreign Exchange</a></li>
<li><a href='http://mysydneyrealestate.com/2009/11/26/exchange-rates-good-for-australian-travellers-credit-card-offers/' rel='bookmark' title='Permanent Link: Exchange rates good for Australian travellers | Credit Card Offers &#8230;'>Exchange rates good for Australian travellers | Credit Card Offers &#8230;</a></li>
<li><a href='http://mysydneyrealestate.com/2009/10/19/australian-property-market-video-%e2%80%93-sydney-property-markets-with/' rel='bookmark' title='Permanent Link: Australian Property Market Video – Sydney Property Markets With &#8230;'>Australian Property Market Video – Sydney Property Markets With &#8230;</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>View Multiple Markets to Improve Your Trading Results &#124; Online &#8230;</title>
		<link>http://mysydneyrealestate.com/2010/06/04/view-multiple-markets-to-improve-your-trading-results-online-2/</link>
		<comments>http://mysydneyrealestate.com/2010/06/04/view-multiple-markets-to-improve-your-trading-results-online-2/#comments</comments>
		<pubDate>Fri, 04 Jun 2010 01:46:18 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[australian]]></category>
		<category><![CDATA[relationship]]></category>

		<guid isPermaLink="false">http://mysydneyrealestate.com/2010/06/04/view-multiple-markets-to-improve-your-trading-results-online-2/</guid>
		<description><![CDATA[This relationship might be distinctive to the present macro environment, with Australian interest rates being the highest in the developed world and the resources market continuing to boom. Think about other relationships that may be ... [...]


Related posts:<ol><li><a href='http://mysydneyrealestate.com/2010/05/18/queensland-and-australian-politics-consumer-affairs-australian-2/' rel='bookmark' title='Permanent Link: Queensland and Australian Politics &amp; Consumer Affairs: Australian &#8230;'>Queensland and Australian Politics &amp; Consumer Affairs: Australian &#8230;</a></li>
<li><a href='http://mysydneyrealestate.com/2010/05/20/rising-interest-rates-punish-cbd-markets/' rel='bookmark' title='Permanent Link: Rising interest rates punish CBD markets'>Rising interest rates punish CBD markets</a></li>
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</ol>]]></description>
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