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AAP
AAP
Politics
Kat Wong and Poppy Johnston

FORGOTTEN HISTORY: House prices plunge 4 9 per cent from peak | History Defined

Prospective home buyers could pay $53,000 less for properties after house prices tumbled in one of the fastest ever declines.

The latest Domain report shows house prices in Australian capitals fell 4.9 per cent in the last quarter from a peak in March.

It was the fastest quarterly fall on record.

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