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The New Daily
The New Daily
National
Matthew Elmas

Property prices sink ‘quite rapidly’ as market awaits interest rates peak

10 News First – Disclaimer

Australian property prices declined again in January, but the pace of the downturn has continued to ease ahead of a predicted peak in interest rates later this year, new data shows.

CoreLogic figures reveal home values fell 1 per cent in January nationwide, slightly less than the 1.1 per cent recorded over December – they have now fallen 8.9 per cent from earlier peaks.

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