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1.Market Observations, 8.Was Sticky

29 Apr 2017 (AFR) – Sydney house price slump confirms boom over

(29 April 2017, AFR, p25, by Christopher Joye)

‘So Sydney house prices have fallen in April for the first time on a month-on-month basis since December 2015, validating last week’s call that the easy-money fuelled Aussie housing boom is grinding to a halt. According to CoreLogic’s daily hedonic index—the only measure that tracks price movements on a timely basis—home values across the nation’s largest metropolis have fallen 0.1 per cent in the first 27 days of April. This represents a dramatic deceleration in momentum given Sydney dwellings recorded total capital gains of 5 per cent over the March 2017 quarter alone.’

Read more at (might need AFR login access, or try:


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