Australia’s housing market loses steam with prices falling in Sydney and Melbourne

There were also more houses for sale in the country's two biggest cities than there had been at this time of year since 2018

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Australian housing prices have increased for the 22nd month in a row, but the market appears to be losing steam after its weakest result since the run of consecutive monthly growth began.

The home value index compiled by data group CoreLogic showed housing prices rose by a modest 0.1% in November - its weakest Australia-wide result since January 2023.

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