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More homes selling at a loss as rising interest rates push down property prices


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Trend most pronounced in Melbourne and Sydney, reflecting sharper downturns in major cities

The number of home sellers making a profit has subsided as the property market continues its downwards trend.

Loss-making sales grew the fastest in Melbourne and Sydney, according to CoreLogic data, reflecting the sharper downturns in the major cities.

Continue reading…Trend most pronounced in Melbourne and Sydney, reflecting sharper downturns in major citiesThe number of home sellers making a profit has subsided as the property market continues its downwards trend.Loss-making sales grew the fastest in Melbourne and Sydney, according to CoreLogic data, reflecting the sharper downturns in the major cities. Continue reading…