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flag New Zealand and Australia's banks lower home loan rates, likely boosting property prices.

flag New Zealand banks are lowering home loan rates, with ANZ and ASB both offering a two-year fixed rate of 4.99%, amid increased competition. flag In Australia, over 50 lenders, including major banks, are cutting variable home loan rates by 0.25 percentage points following the Reserve Bank of Australia's decision to lower the cash rate. flag This is expected to boost property prices, with Sydney and Melbourne seeing strong increases in dwelling values.

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