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Aussie property market not overvalued: Morrison

The treasurer also says the central bank is unlikely to cut interest rates further, which are already at record low

Home prices in Sydney are up 14 per cent so far this year, compared to 9 per cent in other major cities in Australia.


AUSTRALIAN Treasurer Scott Morrison said debate on the country's housing market is prone to exaggeration - even as Sydney property prices rise anew - and indicated he doesn't see much appetite at the central bank for further cuts in the nation's already record-low interest rates....

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