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Sydney property prices fall as national market slows

Sydney real estate prices have retreated for the first time since the start of 2023, as the heat comes out of property markets nationally.

Sydney at sunset
The sun may have set on Sydney's sustained period of property price growth. (Image source: Shutterstock.com)

Sydney has become the latest capital city to lapse into negative territory for monthly property prices growth.

October’s national Home Value Index released Friday (1 November) by CoreLogic showed that dwelling values rose just 0.3 per cent in the past month, but it was still enough to notch up 21 consecutive monthly gains.

While it was the usual coterie of mid-sized state capitals – Perth

, Adelaide, Brisbane - that did the heavy lifting, Hobart…

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