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The Australian Bureau of Statistics released its house price index on Tuesday. The Australian house price index rose 4.7% in the second quarter, after a 1.6% gain in the first quarter.
On a yearly basis, house prices jumped 9.8% in the second quarter, after a 6.9% rise in the first quarter.
The total value of residential dwellings in Australia totalled A$5.761 trillion in the second quarter, up A$271.939 billion in the first quarter.
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