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New research shows that house prices in Australia increased by 1.1 per cent in June for a fourth consecutive month of recovery.
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Sydney was last month Australia's best performing housing market despite another interest rate rise. Buyers also lost the choice of avoiding stamp duty for a home worth up to $1.5million.
The housing market recovery is still humming along but the prospect of more interest rate rises could be keeping the pace of growth in check.
Population growth, the rental crisis and building industry crisis have meant people turning to the established homes market in droves, driving prices upwards.