Massive Oz house price increases likely to prompt increase rates rise

Discussion in 'Australia Property' started by Nicholas Wallwork, Nov 2, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Residential property prices in Australia increased 3.7% in September to a*six year high as fears now grow that interest rates will rise.

    The latest figures from research group Australian Property Monitors*shows that Melbourne has the fastest growing real estate sector with*prices rising 6.1% in the third quarter of the year, the fastest quarterly*increase since 2003.



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