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Australian house prices dip in April

Posted on 25 May 2011

House property values fell in all Australia’s capital cities in April. Sydney’s fell 0.3 per cent to a $667,500 median, the third lowest fall. The city had a 0.6 per cent drop during March.
”The magnitude of the corrections are not extreme, and is not a cause for alarm at this stage,” a Residex forecaster, John Edwards, said. ”But it is very unusual to see the total market in a correction phase.”………………………………………Full Article: Source


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