Australian Home-Price Growth Slows Further as Sydney Cools


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Australia’s home-price growth showed further signs of cooling in December as deteriorating affordability and rising borrowing costs help take some heat out of the market.

Bellwether Sydney rose 0.2%, while Melbourne declined 0.3% for a price increase in Australia’s major cities of 0.4%, property consultancy CoreLogic Inc. said in a report Tuesday. The weaker pace in the two biggest cities was offset by mining-powered Perth and Brisbane, which rose 1.5% and 1% respectively.

Australian Home-Price Growth Slows Further as Sydney Cools

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Bizi Takip Edin