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The Housing Industry Association (HIA) reported that the flow of new homes being approved for construction continues to decline as home prices in Sydney and Melbourne track lower and housing finance becomes harder to access.
The Western Australia market is bouncing back from record lows, thanks to dipping vacancy rates and significant population growth.
CoreLogic reported preliminary auction results for this week, with 2,742 homes going under the hammer. This marked a slightly higher figure than the 2,701 auctions held the previous week.