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The Guardian - AU
The Guardian - AU
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Greg Jericho

Neither a pandemic nor interest rate rises: can anything dent the Australian housing market?

RBA Housing Market ABS Interest Rates
A new housing estate on an urban fringe
The value of new housing loans in November 2023 was 13% higher than for the same time in 2022, ABS data shows. Photograph: Jenny Evans/Getty Images

Just in case you were ever worried that the Australian housing market might crumble, the latest ABS housing loan figures show that in November the value of new housing finance was 13% above that of a year earlier.

And because of the strong link between growth loans and house prices, this suggests that house prices should continue to rise very solidly through the next six months:

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