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Australia Property Prices Fall for Ninth Month on Tighter Credit

By Tony Seruga

Australian housing prices fell for a ninth straight month in June as tighter credit rules weigh on buyers.

Property values fell 0.2 percent nationally last month, to be 1.3 percent lower than their September peak, according to CoreLogic Inc. data released Monday. The decline was led by the biggest cities, with prices falling 0.3 percent in Sydney and 0.4 percent in Melbourne…

Australia Property Prices Fall for Ninth Month on Tighter Credit

Categories : Commercial Real Estate

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