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The stage is set for a recovery in the Australia's housing market fuelled by extremely tight rental market and chronic undersupply according to an economist.
Despite the prevailing tough economic conditions, the downturn in the housing market might be coming to an end, according to Archicentre, the national building advisory service of the Australian Institute of Architects (AIA).
There are signs that property buyers are slowly getting back into the market as shown by the higher mortgage sales data from a leading mortgage broker.
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