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Australia property prices expected to rise

Posted on 25 June 2009

From Homesoverseas.co.uk: Australia property prices will appreciate by close to 20% over the next three years, helped on by greater activity among first time buyers, according BIS Shrapnel’s Residential Property Prospects report, which looked at figures compiled by the country’s Real Estate Institute.

The report projects that average residential prices in nearly all capital cities will increase by between 11% and 19% by 2012, although when adjusted for inflation, the actual level of price escalation with approximately halve, in percentage terms…….Full Article: Source


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