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1.Market Observations, 8.Was Sticky

2 May 2017 (TheAge) -Home prices brake in April after blistering run

(2 May 2017, The Age, p9, Reuters)

‘Home price rises slowed sharply in Australia’s major cities in April, in a welcome respite for policymakers who have been alarmed at the risks of a debt-fuelled bubble in the housing market. Property consultant CoreLogic said its index of home prices for the combined capital cities rose 0.1 per cent in April, the weakest month-on-month rise since December 2015, compared with 1.4 per cent in March. Annual growth in overall prices slowed to 11.2 per cent, from 12.9 per cent. The results come after dramatic gains in two of the country’s hottest…’

Read more at TheAge.com.au

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