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Australian home values hit record highs in March, up 0.4%, after the first interest rate cut in four years.
Australian home values rose 0.4% in March, reaching record highs following the Reserve Bank's first interest rate cut in four years.
This growth was seen in all capital cities except Hobart and across all rest-of-state regions.
While the rate cut has boosted buyer confidence and borrowing capacity, affordability remains a challenge due to high price-to-income ratios and interest rates above historical averages.
The Reserve Bank is expected to maintain the cash rate at 4.10% in its upcoming meeting.
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Los valores caseros australianos alcanzaron máximos récords en marzo, un 0,4%, después de la primera reducción de la tasa de interés en cuatro años.