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Australian house prices flatline as rates bite
Published 5 days, 15 hours ago
Description
House prices across Australia are flatlining as high interest rates continue to impact the property market, according to realestate.com.au data. Melbourne is experiencing the worst performance with median values expected to drop $40,000 by Christmas, while Sydney prices are also predicted to finish lower by year's end. Brisbane and Hobart maintain strong growth but may slow in the new year, whilst Perth continues to outperform other capitals at 7% above the national average.
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