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Australia Home Prices Fall for Seventh Month, Led by Big Cities

Andreea Papuc
Australia Home Prices Fall for Seventh Month, Led by Big Cities

Australia’s property prices fell for a seventh straight month in April, as the heat continues to come out of residential markets in the nation’s two largest cities. National housing prices fell 0.1 percent in April from March, CoreLogic Inc. data released on Tuesday showed. Tighter mortgage-lending standards, regulatory restrictions on investor loans and affordability constraints have weighed on the Sydney market, with few predicting a quick rebound in prices.