Property prices

Australian Property Market In 2009 And Beyond

16 August 2011

and other times a little too fast out of the blocks to make estimates. Then there are the professors that love to grab headlines and make names for themselves and predict property will drop by 40% in 2009 with very little reason (or substance) to back up their doubtful commentary. It’s expected that most Australians [...]

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“Investors to turn their attention to the property market,” said Craig James, chief economist at CommSec

16 August 2011

According to the RP Data/Rismark Australian Home Value Index, which covers all dwelling types, prices rose by 2.8 percent in the first four months of 2009, with every mainland capital city except Perth registering gains. Darwin was the top performer, with values up 5.3 percent in the four months to April, while Sydney and Melbourne [...]

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Property Holds Its Ground

16 August 2011

Associate professor Steve Knight of the University of Western Sydney made a bet with another economist, Macquarie’s Rory Robertson, that house prices would fall 40 per ent from their peak to whenever the trough might be, which he thought would be 10 to 15 years away. That turned out to be only 10 to 15 [...]

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Property Prices Soared In August, Says RP Data Rismar

16 August 2011

The average home in Australia gained $9,064 in value in just one month and is now worth $486,939. The 1.9 percent rise is the largest single monthly climb recorded since the RP Data Rismark Index began in January 2005. Property prices are now up 7.9 percent so far this year, rising in every major city [...]

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