Australia’s house prices fall for first time since September 2020
by Australian Associated Press from World news | The Guardian on (#5ZVTB)
Sydney and Melbourne lead ease in market as analysts point to high inflation, raised interest rates and tightening lending conditions
House prices nationally recorded their first decline since September 2020 in May, led by monthly losses in Sydney and Melbourne, the country's two largest real estate markets.
The CoreLogic home value index declined 0.1% in May, with Sydney dropping 1.0% and Melbourne off 0.7% .
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