1 year ago
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Affluent areas of capital cities ‘lead both the upswing and the downturn’, according to property data expert
Housing prices in some of Australia’s most affluent suburbs have suffered the biggest falls from their pandemic peaks, with some high-end houses and apartments losing more than a quarter of their value.
Nationwide data shows that many of the same wealthy areas that enjoyed exuberant price runs in the years leading up to and the initial period of the pandemic have now retraced the furthest.
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