Perth home values fall | Business News

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The latest CoreLogic Home Value Index recorded a drop in home values across each of the country’s five largest capital cities from the end of May to June 30.   Perth and Melbourne recorded the largest declines (1.1 per cent), while the indices for Hobart, Canberra and Darwin each recorded a subtle rise in values over the month.Despite values being down in June, CoreLogic’s estimate of home sales in June was up a further 29.5 per cent following a revised “surge” in sales activity during May driven by real estate agent activity, which CoreLogic said was now tracking higher than the…

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