Australia home prices continue to climb, Sydney back at record high

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SYDNEY - Australian home prices climbed at a brisk pace in May, posting the largest monthly gain since October, as a sustained squeeze on supply of affordable homes in most major capital cities continued to push prices up nationwide, data showed on Monday.

The available housing supply, based on the number of homes advertised for sale over the past four weeks, remained well below average, CoreLogic data showed.

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