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The Australian economy expanded by 1.3% in Q1 and 4.3% between Q1/2011 and Q1/2012. The Q1 GDP report card reinforces the theme of a steady, broad-based recovery in commercial property markets. The strong headline growth figure, together with the 75 basis point Cash Rate reduction over the past five weeks, will boost confidence both domestically and offshore. Inter-state and inter-sector divergences are unusually wide at present, which underlines the importance of strategies based on location and market sector.
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Tuesday, 5 June 2012