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Australia gets daily housing price data as compilers plan tradable index

Posted on 01 March 2012

Investors may soon be able to wager on Australia’s A$4 trillion ($4.3 trillion) housing market without having to buy or sell homes as RP Data (RPAUMED) and Rismark International start a daily property price index and discuss ways to make it tradable with the nation’s exchange operator.
The two companies have begun computing their home value index daily, with data that takes the entire housing stock into account, RP Data, a unit of Santa Ana, California-based real estate information company CoreLogic Inc. (CLGX), said……………………………………….Full Article: Source


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