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

Experts say interest rate cuts – past and prospective – are sending buyers to auctions with ‘confidence’ and ‘gusto’

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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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