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"The stabilisation of housing values is becoming more broadly based, with five of the eight capital cities recording a subtle rise in values over the month, while the regional areas of South Australia, Tasmania and Northern Territory also recorded a lift in housing values in July.
A number of factors is supporting a turnaround in housing conditions, however lower mortgage rates, improved access to credit and a boost in housing market confidence post the federal election are likely to be the primary drivers.
Mortgage rates are currently at levels not seen since the 1950s, which is motivating buyers back into the market after annual housing sales fell by almost 30% from their peak."
Combined capitals +0.1%
Combined regional -0.2%
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