Corripe Cervisiam!
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House prices in Sydney are still rising at insane levels
Remember predictions at the start of the year that Australian house price growth was likely to slow substantially in 2016 and that after rapid growth in previous years, the market had to slow? Well, there’s no sign of that yet. Not by a long shot. According to the latest CoreLogic home value index for June, capital city house prices rose by 0.5% during the month, leaving the quarterly increase at 3.8%. From a year earlier, they increased by 8.3%. The monthly increase followed gains of 1.7% and 1.6% in the previous two months. Big numbers, stemming largely from Australia’s largest city, Sydney. House prices in the ... (full story)
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