HOME prices across Australia’s major cities rose only marginally for a second month in September, with a rare dip in Sydney offering more evidence that tighter lending rules were working to head off a debt-driven bubble in the sector.
Property consultant CoreLogic said its index of home prices for the combined capital cities rose just 0.3 per cent in September, from August when they edged up 0.1 per cent.
CoreLogic’s Research Director Tim Lawless said the reduction in growth prices across the country relate to the hold up of capital gains in the Sydney market.Source:News Corp Australia
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