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flag Australian home values hit a new high in May, up 0.5% to $831,288, as lower rates buoyed buyers.

flag Australian home values reached a new record in May, rising 0.5% to $831,288, as falling interest rates boosted buyer confidence. flag Every capital city and combined regions saw growth of at least 0.4%, though rental growth is slowing. flag The Reserve Bank Governor, Michele Bullock, stated that addressing housing affordability is not the central bank's responsibility, urging governments to balance supply and demand.

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