| 25.05.2011 - Australian house prices dip in April |
| House property values fell in all Australia's capital cities in April. Sydney's fell 0.3 per cent to a $667,500 median, the third lowest fall. The city had a 0.6 per cent drop during March. ''The magnitude of the corrections are not extreme, and is not a cause for alarm at this stage,'' a Residex forecaster, John Edwards, said. ''But it is very unusual to see the total market in a correction phase.''.............................................Full Article: Source |