Australia’s Home-Price Boom Rolls On With Lockdown End in Sight
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Australian home prices rose again in September, albeit at a slower pace than earlier this year, in a further sign that the red-hot property market is losing steam.
Residential property values in the country climbed 1.5% in September, about half the rate seen at this year’s peak in March, according to CoreLogic Inc. data released Friday. Still, the market is up 20.3% over the past year, with the annual growth rate tracking at the fastest since the year to June 1989.