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Daily economic round-up

The release yesterday by the ABS of the House Price Index showed an increase of 3.1 per cent over the June quarter which tallies to an annual growth rate of 6.4 per cent which is the fastest annual rate since December 2003. Perth house prices led the nation with a quarterly increase of 11.9 per cent taking the annual increase to 35.9 per cent. Although Sydney lagged behind other capitals the growth rate of 1.4 per cent was the highest for 10 quarters.

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