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Average Australian house price growth is likely to slow in 2010 as mortgage rates rise and first home buyer activity slows.
According to AMP chief economist Shane Oliver the sharp increases in property values seen in 2009 will not carry through into the New Year though there may be stronger performance in some segments.
Overall gains of around 5 per cent can be expected with solid performance of the upper end house prices on the cards but weakness forecast for the lower price brackets.
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