Aussie property prices drop for first time in almost two years

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Property prices at a national average level dropped in December, which is the first time this has happened in almost two years.
Yet there is still great price divergence between cities, and years of soaring prices have left home ownership out of reach for many.
Analysts predict property prices will continue to stabilise in early 2025 but could rise again if the Reserve Bank cuts interest rates as predicted in May.
Video by Lia Walsh more online by Emilia Terzon.

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