Home prices in Australia’s major cities rose only marginally in August as Sydney’s blistering run stalled, a tentative sign of cooling that would be a relief to regulators seeking to head off a debt-driven bubble.
Property consultant CoreLogic said its index of home prices for the combined capital cities rose just 0.1 per cent in August from July, when it surged 1.5 per cent. The index had also been updated using a new hedonic index methodology, CoreLogic said.
Annual growth in…
Source : South China Morning Post
Read more…Australia home prices cool in August
