Australia’s median house price reached another record high of $1.113 million this week, ($1.6 million in Sydney) representing an annualised rate rise of more than 7 per cent, despite interest rates being the highest in more than a decade.
Australia’s rental prices also continue their unrelenting rise amid record supply scarcity, prompting economists to conclude crisis is inadequate to describe what’s happening in housing.
Australia’s economy meanwhile grew a tepid …
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