31.10.2012 - Property prices rise in Australia, but new home sales continue to decline
Residential property prices in Australian cities are climbing again after the country’s central bank cut interest rates with values rising 1.4% in September. It is the biggest monthly rise in prices in 30 months and they are also rising on a quarterly basis, up2% in the third quarter of the year, the latest figures from the RP Data-rismark Home Value Index shows. Prices increased the most in Adelaide and Perth, up by 2.4% and 1.6% respectively. Darwin and Canberra posted the biggest declines, falling 2% and 0.6%...............................................Full Article: Source
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