Finance
Cash rate remains unchanged
The Board of the Reserve Bank of Australia (RBA) has decided to leave the cash rate unchanged at 4.5 per cent.

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Builder to pay more than $30,000 in fines and compensation
A Victorian building company and its director have been fined $20,000 and ordered to pay more than $11,000 in compensation and legal costs over incomplete and defective building works.

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Canberra tenants feel more secure
Canberra’s public tenants are feeling more settled in their lives and better able to manage money, according to a recent Housing Australian Capital Territory survey of 1000 community housing tenants.

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Bank interest rates not determined by cash rate
The official cash rate is only one consideration for mortgage rate setting, according to the Australian Bankers’ Association (ABA).

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Residential property values fall slightly
Home values in Australian capital cities fell by 0.2 per cent seasonally adjusted in August, according to property analyst RP Data.

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