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House prices fall by 2 per cent across Australia during June quarter – Domain News

While prices in most capital cities have declined, the falls have been minimal to date, a sign that government stimulus measures are have countered much of the COVID-19 drag.

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House prices have fallen nationally by just 2 per cent over the last March-to-June quarter in a sign that government stimulus measures are managing to counter much of the COVID-19 drag.
At a time when unemployment is rising and household incomes are shrinking, the latest Domain House Price Report, released Thursday, shows a glimmer of hope that the economy isnt taking such a massive hit as had originally been feared.
The outlook for the housing market is definitely more stable than the broader…

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