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Melbourne, Sydney homes face 1-in-5 chance of price correction: JP Morgan

Melbourne and Sydney housing prices face a near one-in-five risk of price correction after rising faster against wages than in other cities, new research by JP Morgan says.

Melbourne, Sydney homes face 1-in-5 chance of price correction: JP Morgan
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  • Shared by Australian Financial Review
  • January 30, 2018
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Surging dwelling prices in the two largest cities put the median Sydney house price at $940,000 – equivalent to 9.5 times the city's median income – and Melbourne's at $785,500, or 8.7 times the median income by December, figures from the investment bank show.

Read the full story at The Australian Financial Review. 

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