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Australian home prices slip again in January as lending rules bite [Reuters]

CORELOGIC (CLGX)  More Company Research Source: Reuters
Last corelogic earnings: 4/25 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.corelogic.com/node/668
PDF Australian home prices slip again in January as lending rules bite | Reuters Reuters Staff 3 Min Read SYDNEY, Feb 1 (Reuters) - Home prices across Australia’s major cities fell further in January as weakness spread out from the Sydney market in the face of tighter rules on investment lending, a relief to regulators but a potential drag on consumer spending power. Property consultant CoreLogic said on Thursday its index of home prices for the combined capital cities slipped 0.5 percent in January, after a drop of 0.4 percent in December. Annual growth in prices slowed to 3.2 percent, from 4.3 percent in December and 10.5 percent in the middle of 2017. Prices in Sydney dropped 0.9 percent in January, dragging annual growth down to just 1.3 percent. That was a far cry from the peak of 17 percent seen early last year, although Sydney dwelling values are still up 70 percent on the cyclical low hit in February 2012. Melbourne fared somewhat better, thanks in part to rapid population growth, [Read more]

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