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Economics
Real Estate

Australian House Prices Drop as Steep RBA Rate Hikes Sour Demand

  • Bellwether Sydney sees prices slide for eighth straight month
  • Slower pace of drop may not signal worst is over: CoreLogic
Newly built houses in the Denham Court suburb of Sydney, Australia.

Newly built houses in the Denham Court suburb of Sydney, Australia.

Photographer: Brendon Thorne/Bloomberg

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Sydney home prices fell for an eighth straight month in September, pulling nationwide property values lower as rising interest rates sour demand.