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AAP
AAP
Business
Poppy Johnston

Home price downturn now more subdued

Property prices are tracking down as interest rate rises continue to eat into the sum buyers can borrow.

But home value trackers are showing a slowdown in the pace of decline, with CoreLogic's home value index reporting the smallest monthly decline since June.

The one per cent drop for the month represented a more moderate decline from earlier in the year, with Sydney and Melbourne prices braking more dramatically than in smaller markets.

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