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Stock impact report

Australian Housing Costs Rival New York’s. That May Be Changing. [The New York Times]

CORELOGIC (CLGX) 
Last corelogic earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.corelogic.com/node/668
Image A view of Dover Heights and neighboring areas of central Sydney, Australia. Housing prices have slipped slightly this year in the city after a steep run-up in recent years. Credit Cameron Spencer/Getty Images July 17, 2018 SYDNEY — The home wasn’t perfect. The two-bedroom townhouse lacked parking and a backyard. Its proximity to a major road and a train station made for noisy evenings. But like many young Australians, Georgia Blackie felt she needed to buy it or rent for the rest of her life. She lives in Melbourne, one of the world’s wildest and most expensive real estate markets. The values of dwellings there have risen by more than 50 percent in the last six years alone. In Sydney, Australia’s other big real estate capital, the increase has been even higher. The two cities are among the world’s least affordable for housing, according to one survey, worse than famously pricey places like New York and London. Mortgage debt puts Australian households am Show less Read more
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