Australia’s Home Price Growth Holds Steady at Elevated Level
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Australian home values rose in September — traditionally a strong month for sales — though the rate of growth remained steady amid increased supply and mounting affordability concerns.
Market bellwether Sydney advanced 0.2%, taking its median price to a fresh high of A$1.19 million ($823,780), property consultancy CoreLogic Inc. said Tuesday. Perth led major cities with a 1.6% gain, while Melbourne posted another decline as dwelling values in combined capitals rose 0.5% in September.