SYDNEY - Australian property prices – already considered some of the world’s highest – are rising again, flouting widespread expectations that the market would face a lengthy slump as interest rates soar.
For decades, property prices in Australia experienced a seemingly unending boom, including a rise in average prices in Sydney – the most populous and expensive city – from A$640,000 (S$572,000) to A$1.27 million in the past decade.
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