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Early Signs Point to Downturn in Sydney Property Prices After 27% Rise

  • High prices, more supply and prospect of rate hikes hit demand
  • Sydney is the least affordable property market after Hong Kong
Homes in the Bella Vista suburb of Sydney, Australia.

Homes in the Bella Vista suburb of Sydney, Australia.

Photographer: Brendon Thorne/Bloomberg

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Sydney, scene of some of the world’s fastest house-price growth, is showing early signs of turning down.