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The New Daily
The New Daily
Sezen Bakan

Sydney and Melbourne house prices running out of puff

House prices are trending downwards, but home buyers won't necessarily have an easier time navigating the market. Photo: TND

The year is still young, but there are early signs that several Australian capital cities will see a downturn in house prices by the end of 2022.

Slowing price rises over the past few months show the country’s housing boom is running out of steam, with CoreLogic data showing that prices have already flatlined in Melbourne and started falling in Sydney.

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