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House prices point to mild recovery

Posted on 01 March 2013

Australian house prices have edged higher in February, with Melbourne bouncing back from a two-year slump and Sydney posting a minimal rise. Across Australia, house values rose in February by a combined rate of 0.3 per cent, suggesting the housing market is experiencing a mild recovery.
In Melbourne values were up 1.5 per cent. Sydney’s home prices appreciated by 0.1 per cent but Canberra saw a bigger jump of 1.9 per cent, as did Darwin (up 2.3 per cent), according to the latest figures from analysts RP Data Rismark. ……………………………………….Full Article: Source


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