Australian home prices hit record high during spring rush but Sydney records small slip

Perth, Adelaide and Brisbane remain the strongest capital city property markets, with prices up 20.58%, 14.91% and 12.51% over the past year

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Australian home prices hit a record high during the peak spring selling season, but home values in Sydney dipped in the city's first month-on-month decline since January 2023.

The PropTrack report found prices in the combined capital cities increased 5.85% over the past year, after climbing a further 0.28% in October.

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