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AAP
AAP
Jacob Shteyman, Farid Farid and Tess Ikonomou

Housing affordability rises as price downturn continues

Gerard Burg Australia Cotality
Property data shows the largest single-month decline in Australian home values in almost four years. (Susie Dodds/AAP PHOTOS)

Three decades of home prices outpacing incomes could be over as Australia's housing market downturn widens.

The market recorded the largest single-month decline in home values in almost four years in July, data released by property analysis firm Cotality shows.

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