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Capital city home prices up 1.1% in August

AAP logoAAP 1/09/2016 Garry Shilson-Josling, Economist

Home prices rose an average 1.1 per cent in Australia's capital cities between July and August, and by seven per cent over the past 12 months.

But there is a wide variation between the capitals, with Sydney and Melbourne booming and cities more exposed to the fading mining investment boom on the skids, the figures from CoreLogic on Thursday show.

Both Sydney and Melbourne posted annual rises of over nine per cent, while the Perth and Darwin markets lost over four per cent.

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