Melbourne and Sydney house prices plunge further in January

Melbourne market falls 1.6% in a month as property crash continues to accelerate

Property prices in Sydney and Melbourne dropped sharply again in January as the decline in the once-booming property market continues to gather pace.

Prices in the Melbourne market fell by a huge 1.6% in the first month of the year, eclipsing even Sydney’s 1.3% fall, researcher CoreLogic said on Friday in its regular monthly release.

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from The Guardian http://bit.ly/2HRiVfQ
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