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Australia December capital city house prices down 0.2pct -RP Data

Posted on 31 January 2012

Australian monthly house prices declined in December, adding to growing concern among banks and property firms that a deterioration in prices across the country will resume this year.
The December decline came just a month after house prices rose for the first time in a year in November. That gain was supported by the first interest rate cut by the Reserve Bank of Australia since early 2009, and occurred ahead of the removal of a tax exemption for certain purchases………………………………………..Full Article: Source


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