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Economic growth for 3Q14 came in well below market expectations at 0.3% growth in the quarter; equivalent to 2.7% growth over the year to September. Australia's economy has still yet to make the successful shift from the mining investment boom to the domestic sector. Exports were a key driver of growth over the quarter. This paper will examine the 3Q14 Australian national accounts data and look at the main implications for the commercial property markets.
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Tuesday, 2 December 2014