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There’s been hope of a November interest rate cut to coincide with the Melbourne Cup for months, but with inflation rising again, it seems all bets are off.

What have the three rate cuts already granted this year done to house prices? 

Today, ABC finance commentator Alan Kohler looks at what’s happening in the market and how immigration policies have left Australia with rising demand for housing and not enough tradies to construct them. 

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Alan Kohler, ABC finance presenter and columnist