Australian Home Prices Fall Again in Further Sign Boom Is Over
- House prices fall 0.1% nationally, led by 0.6% drop in Sydney
- Fifth straight monthly drop comes amid investor-lending curbs
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Australian home prices fell for a fifth consecutive month in February, in a further sign the property boom is over.
Housing prices fell 0.1 percent nationally, led by a 0.6 percent decline in Sydney, according to CoreLogic Inc. data released Thursday. Prices in Sydney, the epicenter of the boom, are down 0.5 percent from a year earlier -- the first annual decline since 2012.