27.10.2011 - Australia: Property prices fall 1.6pct in September quarter but rate cut may stimulate market
The underwhelming spring selling season has been underlined again, with property prices now falling for a fifth consecutive quarter in September, and Brisbane now the cheapest capital city at a median price of $429,339, according to the latest figures released by Australian Property Monitors. The figures come as clearance rates have failed to rise above the mid-50s this season, despite the number of properties on the market continuing to increase...............................................Full Article: Source
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