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House prices up almost 4% over 12 months

Home prices across Australia's five major capital cities have dipped, falling 0.1 per cent over the past week, but they have risen 3.9 per over the past 12 months.

Values in Sydney, Brisbane, Adelaide and Perth each dropped 0.1 per cent, while Melbourne's prices were steady in the week to January 14, the latest figures from property research group CoreLogic show.

Median house prices for private treaty sales, rather than auctions, were $858,750 in Sydney, $700,500 in Melbourne, $537,500 in Brisbane, $495,000 in Perth, and $450,000 in Adelaide.

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