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Australia’s property prices raise valuation concerns

Posted on 07 June 2011

It’s a question that exasperates and divides a nation. Is Australian housing wildly overpriced and heading for a nasty fall, or it it simply taking a breather after a period of very strong growth? The market has softened in recent months and prices have dipped by about 1.5%.
As mortgage holders wait anxiously to learn the fate of interest rates when the Reserve Bank meets on Tuesday, the underlying health and future direction of the residential property sector provokes sharply differing views………………………………………Full Article: Source


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