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Australia: Property prices fall 1.6pct in September quarter but rate cut may stimulate market

Posted on 27 October 2011

The underwhelming spring selling season has been underlined again, with property prices now falling for a fifth consecutive quarter in September, and Brisbane now the cheapest capital city at a median price of $429,339, according to the latest figures released by Australian Property Monitors.
The figures come as clearance rates have failed to rise above the mid-50s this season, despite the number of properties on the market continuing to increase………………………………………..Full Article: Source


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