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7NEWS Australia

7NEWS Australia

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Sydney house prices fall across multiple suburbs | 7NEWS

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Sydney house prices have fallen by 4-5% across multiple suburbs in the past three months, with Randwick experiencing the sharpest decline. The drops are attributed to recent interest rate rises and uncertainty surrounding federal government changes to capital gains tax and negative gearing policies. Areas below Sydney's median house price of $1.6 million, including Fairfield, Campbelltown and the Central Coast, continue to hold their value.

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