Property prices in Oz cities expected to continue rising over next 12 months, according to analysts

Discussion in 'Australia Property' started by Nicholas Wallwork, Sep 16, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]The value of residential properties in cities in Australia rose almost 6% in the first seven months of this year, overtaking the last real estate market peak of February 2008, according to the latest figures.

    On average properties in state capitals saw values increasing by 5.9% with properties in Darwin seeing the biggest rise of 10.8 %, the figures from residential researcher RP Data Rismark International show. In Melbourne values rose 8.5% and in Sydney property prices were up 6.6%.



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  2. Nick Brian

    Nick Brian Guest

    Yeah after recession effect Austrailian market of real estate is capturing the hull again. The US market is also recovering. Special loans and other necessary steps have been taken since recession.
     
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