Australia Home Prices Drop 3.7% as Banks Doubt 2012 Rebound
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Home prices in Australia’s eight capital cities slid 3.7 percent in the first 11 months of 2011, extending the biggest drop in at least 12 years on concerns Europe’s debt crisis may damp the nation’s economic growth.
Brisbane led the decline, slumping 7 percent in the January-November period, followed by Melbourne, which posted a