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Australia: Housing industry encouraged by higher prices after 15 months of falls

Posted on 27 April 2012

House prices throughout Australia grew slightly over the March quarter, the first positive news for the housing market in months.
Between January and March prices rose 0.9 per cent, the second consecutive quarter of growth, figures from property data provider Australian Property Monitors show.
The rise in prices over the last two quarters follows 15 straight months of falls, APM said. It also comes after a recent slump in building approvals, new home sales and lending………………………………………..Full Article: Source


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