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Bubble fears as Aussie home prices soar

Low mortgage rates and constrained housing supply driving market up

[SYDNEY] Gigi Wong beat four other bidders in an auction of a three-bedroom Sydney house with peeling wallpaper, cracked doors and an overgrown backyard by paying A$856,000 (S$1.01 million), 14 per cent more than the realtor expected it to fetch. "I'm not sure if I paid too much," said Ms Wong,