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Fall in property prices ‘far less severe’ than reported

The decline in home values across Australia is “not as pronounced as once thought”, a new report published by realestate.com.au has found. According to realestate.com.au’s latest Property Outlook report, the fall in dwelling values reported through 2018 is “far less severe” than suggested by other observers. The group’s research found that housing market conditions “remain highly variable” across the country, with most capital cities “either stabilising or recording moderate growth”. According to the research, Sydney had the largest median price fall in the year to 31 December 2018, with an annual decline of 5.9 per cent, followed by Darwin and Perth (3.6 per cent) and Melbourne (1.5 per cen

 
 
 

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