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Australian property prices are accelerating again – nearly twice as fast as wages

Experts say interest rate cuts – past and prospective – are sending buyers to auctions with ‘confidence’ and ‘gusto’Get our breaking news email, free app or daily news podcastAustralian property prices are accelerating again, as falling borrowing costs ignite strong bidding at auctions even as cost-of-living pressures weigh on households.National home values rose by 1.4% over the June quarter, according to Cotality data, with every state capital city reporting gains.Sign up for Guardian Australia’s breaking news email Continue reading...

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