Australian home prices rise in March
Australian home prices extended gains in March, although conditions are expected to cool as the coronavirus pandemic causes widespread economic disruption and hits household confidence. Figures from consultancy CoreLogic on Wednesday showed home prices across Australia's capital cities climbed 0.7% in March, the lowest monthly rise since the property market turned around in July last year. Home values are up 8.9% from a year ago. Sydney clocked a monthly gain of 1.1%, taking its annual rise to 13%, while Melbourne was up 0.4% for the month and 12% higher on a year-on-year basis.
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