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Housing Market Update - March 2025

The March 2025 update shows a stabilising housing market, with positive but slowing house price and rental growth. Economic uncertainty and global factors are weighing on consumer confidence and market activity.

Report summary

The report notes that mortgage approvals and transactions are steady, but buyer demand is softening. Regional disparities in house price and rental growth persist, with more affordable areas outperforming expensive regions.

The document provides detailed data on mortgage approvals, regional prices, and rental trends. The outlook is cautious, with expectations of subdued growth and continued market softening.

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