Business
Australian home prices post steepest fall in 40 years, seventh straight monthly drop
Cotality says downturn is broadening beyond Sydney and Melbourne
2 Nov 1 9:00 AM · 12d ago · 3 articles · 1 post · 3 sources · development 2 of 4
Cotality research director Tim Lawless said the correction is now broad-based, with Brisbane, Perth and Adelaide leading October's declines as combined state capital values fell 1.4% for the month.
“Virtually every suburb across Brisbane, Perth and Adelaide has recorded a drop in value over the past three months.”
Tim Lawless, Cotality research directorGerard Burg Cotality head of researchTim Lawless Cotality research directorPeter Esho Economist, CEO of 13xReserve Bank of Australia Central bank
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Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9Nov 10Nov 11yesterdaynow · 9:55 PM ET
Reported in the same hours no headline names this development itself — these 2 claims were published in its stretch
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first by Bloomberg Markets, 12d ago
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first by ABC Australia, 12d ago
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