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AAP
AAP
Business
Kat Wong

Record high house prices as rate cut buoys sentiment

House prices will likely continue to rise, driven by an improvement in market sentiment. (Dean Lewins/AAP PHOTOS)

Relief for mortgage holders may have created pain for aspiring home owners after house prices surged to record highs following an interest rate cut.

Though national prices experienced a small dip in recent months, they increased by 0.4 per cent in February and now sit 3.94 per cent higher than the year before, according to new data from PropTrack.

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