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House Price Downturn Spreads from Sydney and Melbourne to Affordable Adelaide and Hobart

The housing downturn has spread around the country, with all capital cities recording dwelling price falls during the March quarter.

Prices slumped nearly 4 percent in the once white-hot Sydney and Melbourne markets but also inched lower in relatively resilient and affordable capitals such as Adelaide and Hobart, official figures from the Australian Bureau of Statistics released on Tuesday show.

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