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Australian home prices stagnated last month, with growth weakening across most major cities as higher borrowing costs and tax reforms reduced demand. The article points to a softer housing market backdrop rather than a sharp decline, implying mild near-term pressure on property-linked assets and sentiment.

Analysis

Australian home prices stagnated last month, with growth weakening across most major cities as higher borrowing costs and tax reforms reduced demand. The article points to a softer housing market backdrop rather than a sharp decline, implying mild near-term pressure on property-linked assets and sentiment.