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The Guardian - AU
The Guardian - AU
National
Luca Ittimani and Jonathan Barrett

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

A property auction in Sydney
Robust price gains and high auction clearance rates rub against government measures to ease housing pressures. Photograph: Mike Bowers/The Guardian

Australian 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.

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