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Australian House Prices Rebound in February, Spurred by Rate Cut

Home prices in Australia rose by 0.3% in February following a Reserve Bank interest rate cut, marking an end to a three-month downturn according to CoreLogic's Home Value Index.
CoreLogic's Eliza Owen remarked that Melbourne became appealing for first home buyers due to stagnant prices compared to other regions.
Peter Tulip, former RBA economist, noted that interest rates are the most important factor affecting housing prices, significantly impacting both short-term and long-term variations.
Experts do not expect a significant surge in property prices, with Michele Bullock, Reserve Bank governor, stating that 25 basis points would not make a huge difference.

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The Courier

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The Canberra Times

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Bloomberg

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Sydney Morning Herald

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ABC Australia

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