Strong start for Australian property prices in 2010 but concerns raised over increasing loan rates

Discussion in 'Australia Property' started by Nicholas Wallwork, Mar 8, 2010.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    [​IMG]Residential property prices in Australia have made a strong start this year, defying the threat of*rising interest rates although a new survey indicates they are getting too high for first time*buyers.

    Melbourne and Adelaide are leading the surge, recording increases of up to 4.3% in January while*nationally real estate prices grew 1.8% during the first month of the year. It means that in the*last 12 months prices have jumped 11.8%, the figures from the latest RP Data index show.



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  2. Shane Australia

    Shane Australia New Member

    The melbourne market has done incredibly well throughout the last 12 months. The Eastlink freeway has made a huge difference to the prices down in Frankston. There is another link road opening this year i think, that could do the same...
     
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