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Property boom: April home values ease over affordability concerns and increase in stock levels

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The strongest property boom in over a decade is showing early signs of losing steam, despite house prices growing in April at a rate equal to a quarter of the annual Sydney salary.

Research group CoreLogic reported the national home value index increased 1.8 per cent over April, down from a 32-year high of 2.8 per cent in March.

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The rises were even higher in Sydney, which had the country’s second biggest monthly surge in home values at 2.4 per cent, behind Darwin’s 2.7 per cent.

It came off the back of unprecedented growth since the start of the year, with Sydney values up…



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