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Australia’s home prices extend declines in August as downturn deepens
Sydney and Melbourne led the decline as higher rates and weaker investor demand cooled buyer activity, Cotality said.
Summary by WTVB
4 Articles
4 Articles
Australia’s home prices extend declines in August as downturn deepens
SYDNEY, Sept 1 (Reuters) - Australian home prices fell for a fifth month in August as the housing downturn spread to more cities and regional areas, data showed on Tuesday, with the risk of more policy tightening pointing to tougher conditions ahead....
Property downturn worsens with buyer activity 'particularly low'
Australian house prices have fallen for a fifth straight month, according to property data firm Cotality. It says the downturn has now spread to 93 per cent of suburbs in the nation's capital cities.
Coverage Details
Total News Sources4
Leaning Left1Leaning Right1Center1Last Updated34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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