Sydney’s housing market is losing momentum. Home prices in Australia’s most populous city increased 9.7 percent in the January-March period from a year earlier, the slowest pace since the second quarter of 2013, according to the Australian Bureau of Statistics. Record prices and tighter bank mortgage lending criteria are outweighing benchmark interest rates at the lowest ever.
Photographer: Fairfax Media via Getty Images
Sydney Home-Price Growth at Slowest in Almost Three Years: Chart
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