Australia home prices dip in April, after upbeat Q1
SYDNEY, May 1 (Reuters) - Home prices in Australia's major cities dipped in April after a strong first quarter, though rising rents and high auction clearance rates pointed to underlying resilience in demand, an industry survey showed on Wednesday.
Figures from property consultant RP Data-Rismark showed dwelling prices fell 0.5 percent in April, from March when they climbed 1.3 percent. Prices were still up 2.7 percent on April last year with a median value of A$485,000 ($502,800).
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