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Australia home prices stall in April

It follows dramatic gains in 2 of the country's hottest markets - Sydney and Melbourne

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Published Mon, May 1, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Sydney

    HOME price rises slowed sharply in Australia's major cities in April, in a welcome respite for policymakers who have been alarmed at the risks of a debt-fuelled bubble in the housing market.

    Property consultant CoreLogic said its index of home prices for the combined capital cities rose 0.1 percent in April, the weakest month-on-month rise since December 2015, compared with 1.4 per cent in March.

    Australia

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