Australian housing prices decline as the Reserve Bank maintains interest rates

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Capital-city housing prices in Australia fell 1.4% in October, reaching a level 8.1% below the March peak, with Sydney experiencing a 9.4% annual decline. The Reserve Bank of Australia (RBA) signaled a fifth interest rate hike for the year to 4.85%, aiming to address inflation despite the housing downturn. The decline followed a combination of interest rate…

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