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Australian House Prices Snap 10 Months of Declines
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National home values rose 0.6% in March from February, breaking a 10-month streak of falls, according to property research group CoreLogic. Dwelling values were higher across the four largest capital cities, led by a 1.4% gain in Sydney.
The increase in prices comes amid widespread speculation that the Reserve Bank of Australia will announce on Tuesday a pause in the aggressive campaign of interest-rate increases that began in May 2022.
Read more on wsj.comAbout this in other media
Home Prices in March Posted Biggest Annual Decline in 11 Years wsj.com /1 year ago
Home Prices in March Posted Biggest Annual Decline in 12 Years wsj.com /1 year ago
China Consumer Price Growth Eases, Reflecting Caution on the Economy wsj.com /1 year ago
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