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Originally published by The Guardian View Original Article
Brisbane and Sydney hit hardest by falling house prices as 5.2% shaved from Australian property values

Brisbane and Sydney hit hardest by falling house prices as 5.2% shaved from Australian property values

| The Guardian | By Luca Ittimani

Cotality data shows median house prices fell in September as interest rates hit borrowing capacity

Housing prices are falling in almost every suburb in Australia’s biggest cities, with values dropping faster in Brisbane than Sydney as the slowdown intensifies.

Prices nationally have fallen 5.2% from their peak in March to where they were a year ago, Cotality data released on Thursday shows.

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