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Freefall: home prices notch biggest drop in years
HOME prices have recorded the biggest monthly fall in almost four years as tax changes accelerate Australia’s housing downturn. Sydney’s median home price fell 1.2 per cent to $1,265,608 in June, leading a nationwide decline of 0.4 per cent, data from property firm Cotality shows. It was the largest month-on-month fall in national dwelling values since December 2022. The market was undergoing a broad-based weakening, Cotality research director Tim Lawless said. Three interest rate rises and strong affordability pressures were already constraining demand befor
