House prices fall as Sydney owners make loss on resales to escape high interest rates
by Caitlin Cassidy from on (#64BGP)
Values across Australia's capitals decline for fifth consecutive month - with only Darwin bucking trend
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Australian house prices are continuing to fall as property owners in Sydney make a loss on resales in order to escape high interest rates, new data has shown.
Property prices fell a further 1.4% in September. It is the fifth consecutive month values have fallen - in all capital cities except Darwin - after six months of rate hikes.
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