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AAP
AAP
Politics
Poppy Johnston

Housing decline picks up speed again

Australia's property downturn has picked up pace again but Melbourne is the only capital city getting close to erasing the entirety of its pandemic upswing.

Home prices plummeted another 1.1 per cent in December, CoreLogic data shows, amounting to a 5.3 per cent total decline in 12 months.

The notable drop follows a few months of more moderate falls in September and November.

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