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Real Estate Briefing - Categorized | Market Moves, Performance more

Australia: The boom and the bust of property prices

Posted on 05 September 2011

Over the past 10 years capital city home values have increased at an average annual rate of 6.8%, however it has been a tale of two distinct five year periods: the boom times during the first part of the decade and more subdued growth recently.
Over the 12 months to July 2011, capital city home values have fallen by –2.9% and values are down 3.4% over the first seven months of the year. House values have declined much more substantially than unit values over the twelve month period (-3.7% vs. -0.5%) as more buyers seek out the relative affordability of apartments compared with houses……………………………………….Full Article: Source


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


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