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Aussie house prices falls are worse than thought

Just when you thought that Australia’s housing correction couldn’t get worse, Cotality has revised its dwelling values index downward, meaning that values have fallen more sharply than expected.

  • Australia's housing market downturn worse than initially reported
  • Cotality's dwelling values index declines 6.4%, up from 6.0%
  • 97% of capital city suburbs experienced value drops in 3 months

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