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1.Market Observations, 8.Was Sticky

31 May 2017 (AFR) – Sydney, Melbourne house prices fall in May, CoreLogic says

(31 May 2017, AFR, p7, by Michael Bleby)

‘Australia’s two largest housing markets are cooling, with Sydney values down 1.3 per cent and Melbourne falling 1.8 per cent, CoreLogic figures show. The falls in the data provider’s home value index for the first 29 days of May likely reflected a continuing decline in apartment values, which lost ground in both cities in April, Corelogic head of research Tim Lawless said. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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