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Australian house prices reached a record high in July, fueled by low interest rates and high demand.
Australian house prices hit a record high in July, with a 0.6% national increase, marking six consecutive months of growth.
Median dwelling prices in capital cities reached $927,000, while regional areas hit $689,000.
Lower interest rates and expectations of further cuts have spurred demand, especially in Darwin, which saw a 2.2% increase.
Houses have outpaced units in price growth, rising by 1.9% compared to 1.4% for units.
Rental prices also rose by 3.6% in the year to July, with vacancy rates close to historical lows.
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Los precios de las viviendas australianas alcanzaron un récord en julio, impulsados por las bajas tasas de interés y la alta demanda.