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Population growth, the rental crisis and building industry crisis have meant people turning to the established homes market in droves, driving prices upwards.
But it can work for you if you are selling your home.
Home values ending the financial year down by 4.9 per cent, which is much smaller than many experts expected.
But it can work for you if you are selling your home.
Economists predict house rents will moderate, but asking rents for units are experiencing record growth rates, and pressures from migration and limited housing supply remain.