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Australia's housing market witnessed a second consecutive month of growth in new home sales in September, according to the latest figures from the Housing Industry Association (HIA).
Sydney's housing market is expected to be busy in the next few weeks until Christmas as buyers remain on the lookout for great deals, according to a report from Raine and Horne.
Reductions in interest rates and the easing of constraints on lenders imposed by the Australian Prudential Regulation Authority (APRA) will provide some positive impetus for purchaser demand. However, lenders are expected to maintain more conservative lending policies. New dwelling completions peaked in 2018/19, and rental growth has softened in response to high levels of new supply.
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