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By Sophia Rodrigues
SYDNEY (MNI) - Following are the five key observations we made from
CoreLogic Hedonic Home Value Index for February published Thursday:
--Sydney dwelling values fell for the sixth straight month and was down for
the first time since 2012 in annual terms. Over the three-month period to
February, Sydney was the worst performing capital city with prices falling 2.4%
--Overall home value index fell 0.1% m/m and for the fifth month in a row.
It was the first time since March 2016 that national home values fell for five
--There was a divergence between capital cities and regional markets.
Capital city prices fell 0.3% m/m in February but regional values rose 0.4%.
--The 2.2% y/y rise in national home value was the slowest since August
2016. National home values are now 0.8% below their September 2017 peak.
--Rental rates have been rising over the past three months even as dwelling
values fell. Hobart has recorded highest rent increases over the past year (up
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: firstname.lastname@example.org