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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
Add BT as a preferred sourcePublished Mon, May 1, 2017 · 09:50 PM
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.
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