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New home sales rebounded by 4% in June after boosted by a healthy jump in sales for unit and apartments according to the latest data from the Housing Industry Association.
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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