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1.Market Observations, 8.Was Sticky

5 Jan 2018 (AFR) – Housing boom is over, but prices should limp along

(5 January 2018, AFR, p16, by Sarah Turner)

Capital cities dwelling prices (chg)

Capital cities dwelling prices (chg)

‘Outsized gains in Sydney and Melbourne are a thing of the past for house prices, as economists agree the boom is over, but dispute the direction of the housing market in 2018. Australia’s housing market has risen strongly since 2013, with capital cities’ prices rising about 22 per cent over five years. Prices in Sydney and Melbourne rose 35 per cent and 30 per cent respectively during that period. But the last official data on house prices showed that prices fell 0.2 per cent in the quarter ending September 30, and CoreLogic data released this week showed a 0.5 per cent fall in the…’

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

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