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Sydney property drops after 17-month climb but Melbourne rises

   An auction sign outside a house in Sydney, which had a 0.1% decline in real estate prices in September. Photograph: Bloomberg via Getty ImagesHousing market figures varied as Hobart and Melbourne continue record streaks while Sydney falls 0.1%Sydney’s housing market is finally showing signs of slowing, with new data revealing prices have dropped for […]

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Reuters: RPT-Sydney’s crazy housing market no mere craze

SYDNEY, June 28 (Reuters) – Outlandish property prices make daily headlines in Sydney – a peeling 1900s three-bed with no kitchen sink for A$2.6 million ($2 million), a parking space in Kirribili for A$120,000 – and first-time buyers have little prospect of relief. Home price growth in the harbour city is well into the double […]

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The OECD has warned Australia’s housing market could collapse

A LEADING authority on the world economy has warned that Australia’s inflated housing market is at risk of a “sharp correction”. While the Organisation for Economic Cooperation and Development, was forecasting a three per cent growth in our economy next year, thanks to a rise in investment in the non-mining sector and exports, it feared […]