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(Hayden Groves, President at Real Estate Institute of Australia)

Australian house market sees value declines

Australia’s housing prices dropped over the June quarter as rising interest rates and inflation impacted affordability but not all cities and regions are experiencing price contractions. These are the findings of the Real Estate Institute of Australia’s (REIA) latest Real Estate Market Facts. Combined, the June quarter of 2022 saw a decline in the weighted average…

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