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Thousands Wiped From Sydney and Melbourne House Values as Rates and Oil Start to Bite
Cotality says Sydney and Melbourne led the decline as higher borrowing costs and weaker sentiment pushed national house values up just 0.3% in April.
Summary by The Age
9 Articles
9 Articles
Australian home prices growth slowed further in April with falls in Sydney and Melbourne as rate hikes and uncertainty hit. Expect a further slowing
By Dr Shane Oliver, Chief Economist and Head of Investment Strategy at AMP. Australian home price growth slowed further in April, with price falls in Sydney and Melbourne as rate hikes and uncertainty hit Key points National average home prices rose just 0.3%mom in April according to Cotality, their slowest pace since January last year. Prices fell in Sydney and Melbourne and while the boom time mid sized cities of Brisbane, Adelaide and …
Coverage Details
Total News Sources9
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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