Australian House Prices Hit Record High Ahead of Saturday's Vote
Australian home prices climbed for a third straight month to a record high ahead of an election on Saturday, while defying rising uncertainty over the economic fallout from US-driven global trade turmoil.
The Home Value Index advanced 0.2% in April, with every major city recording a rise, property consultancy Cotality, formerly CoreLogic Inc, said in a statement on Thursday. Darwin and Hobart were the biggest gainers, up 1.1% and 0.9% respectively, while the bellwether market of Sydney edged up 0.2%.
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Worried about a stock market crash? The Big Short's Michael Burry was…
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