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Tasmania is the only broad region across the country whose house prices continue to reach a record high, with the median dwelling value of the state’s capital at $445,235.
There were 1,654 homes that went under the hammer across the combined capital cities with a preliminary clearance rate of 61.5% coming into the first week of winter.
National Australia Bank (NAB) announced on Thursday that it is discounting some of its fixed-rate mortgages. However, these markdowns are not being offered to property investors.