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Four capital cities’ house prices rise

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Melbourne has overtaken Sydney as the country’s hottest housing market as its cheaper house prices lure more interstate migrants.

Home prices in the Victorian capital climbed 1.4 per cent for a third consecutive week in the seven days to July 16, data from property analytics firm CoreLogic show.

Real estate data analytics firm CoreLogic says Sydney, Melbourne, Brisbane and Adelaide reported rises in property prices in the week to July 16.

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