The dip in prices in Sydney dragged the annual pace back to 10.5 per cent from 13 per cent in August, according to consultant CoreLogic. Photo: Getty/iStock
The dip in prices in Sydney dragged the annual pace back to 10.5 per cent from 13 per cent in August, according to consultant CoreLogic. Photo: Getty/iStock

Australia home prices slow, hurt by Sydney’s first decline in 17 months

A slowdown is desired by Australia’s main bank watchdog, which is concerned that debt-fuelled speculation in property could ultimately hurt consumers and banks

The dip in prices in Sydney dragged the annual pace back to 10.5 per cent from 13 per cent in August, according to consultant CoreLogic. Photo: Getty/iStock
The dip in prices in Sydney dragged the annual pace back to 10.5 per cent from 13 per cent in August, according to consultant CoreLogic. Photo: Getty/iStock
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