02.02.2012 - Australian property market stalls on eurozone concerns
The seasonal summer downturn in home prices and sales has been worsened by concerns among potential buyers about the eurozone, according to a leading economist. New official statistics out today reveal that home prices in Melbourne fell by 1.6 per cent in the December quarter - among a one per cent drop nationally - more than economists expected. Melbourne was the only city where new home prices fell in the December quarter - by 0.3 per cent, the Bureau of Statistics figures showed...............................................Full Article: Source
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