Vendors may need to rein in their price expectations this spring, the boss of the country’s biggest real estate group has cautioned, after property price growth eased in July amid concerns of another interest rate rise.
CoreLogic’s Daily Home Value Index shows capital city house prices are up 0.4 per cent over the first 27 days of July, compared with growth of 0.7 per cent in June.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com