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Australian home prices climbed up for the 2nd straight month in April
Posted on May 8, 2023 |
Prices nationally grew by 0.5% from March, indicating the collapse of Australian home prices after declining 9.1% from May 2022 to February.
In Sydney, prices grew by 1.3%, while in Melbourne, prices grew by 0.1%.
In most parts of Australia, prices were "stabilizing or growing", signaling a better consumer sentiment, and promoting housing purchases and sales.