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1.Market Observations, 8.Was Sticky

2 Dec 2016 (AFR) – Melbourne property prices slide, Corelogic

(2 December 2016, AFR, p3, by Su-Lin Tan)

‘A sharp fall in the price of Melbourne apartments has provided evidence that the property boom is slowing as a wave of new building relieves the pressure on the housing market. House prices in the Victorian capital fell 1.3 per cent for the month of November and apartment prices fell 3.2 per cent, according to the latest Corelogic Hedonic Home Value Index.’

Read more (and see the table of changes in dwelling price) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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