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Australia: House prices can’t go up indefinitely

Posted on 06 June 2011

The recent housing market slowdown won’t come as good news to many home owners and investors - particularly those hoping to sell. But self-interest aside, the lacklustre market has its upsides.
Research by RP Data-Rismark says housing prices in capital cities fell 0.3 per cent in April and 1.5 per cent over the past 12 months. The fall was by the upper end of the market, with the most expensive 20 per cent of properties down 5.4 per cent compared with a more modest 0.5 per cent fall for the least expensive 20 per cent over the year, while houses outside capital cities fell 1.8 per cent……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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