There are signs Australias overheated housing market is starting to cool, new data shows.
Recent CoreLogic figures showed residential property prices have surged at a near record-breaking pace, with the national growth rate in March the fastest in 33 years.
The reasons include record low interest rates, a stunning lift in consumer confidence as the economic recovery beats expectations, stimulus measures and stubbornly low stock levels, which has induced FOMO (fear of missing out) among buyers.
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