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Australian housing ‘boom’ declared as affordability fears mount – NEWS.com.au
Australian housing ‘boom’ declared as affordability fears mount
Australia is in the midst of yet another housing boom with a synchronised surge in property prices across capital cities and regional areas, a seasoned economist has declared.The latest CoreLogic data released on Thursday shows national home prices jumped 2.8 per cent last month – the most since October 1988 – to fresh record highs.
CommSec senior economist Ryan Felsman described monthly home price gains across capital cities as “extraordinary”, with records tumbling in March.
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