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Australia cities home prices up for 7th straight month in July

But annual price growth slows to 6.1% from 8.3% in June, below last year's peak above 11%

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Published Mon, Aug 1, 2016 · 09:50 PM

Sydney

HOME prices across Australia's major cities rose for a seventh straight month in July as record-low mortgage rates kept demand hot in Sydney and Melbourne, though annual growth in prices slowed across the country.

Monday's figures from property consultant CoreLogic showed its index of home prices for the combined capital cities rose 0.8 per cent in July, from June when it increased by 0.5 per cent.

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