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The red hot property market is continuing to push new records, and there's no relief in sight for desperate renters and first home hunters.
Latest Corelogic figures show residential property values reached $1.7 trillion in the three months to December, compared with $1.3 trillion the year earlier.
While some are predicting prices have reached their peak, it's little comfort for tenants or those unable to afford a rental, as their prices just keep climbing.
Nita Blake-Persen reports.