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No Rate Cut Expected next week

The Reserve Bank is expected to hold fire from cutting interest rates next week until it can get a better steer on the inflation outlook, leaving November open for a reduction.

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New LVR rules clarified, confirmed

Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs.

Under the new rules, from October 1, property investors will need a 40% deposit for a mortgage loan, while owner-occupiers will need a 20% deposit.

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