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Home prices continue rising amid supply-demand mismatch

3 min read

Australian home prices have clocked the fastest month of growth since May 2024, as a drop in building approvals clouds the outlook for housing affordability.

The 0.7 per cent rise in August marks the seventh consecutive month of growth and lifts the annual change in dwelling values to 4.1 per cent, according to Cotality's home value index.

Nationally, prospective homebuyers must now fork out a recor...


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