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Australia’s house price boom: what’s happening and how can it be brought under control? – The Guardian Australia
The property frenzy is locking young people out of the market and creating economic risks. Will anything stop it?
Australian house prices are soaring even more than usual.
In Sydney, theyre up 19% in the past year and in Melbourne theyre up 15%, based on official figures. Corelogics index says theyre up 18.4% across the country in that time, the fastest pace of growth…
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