16.01.2013 - Australian property capital growth slows to 1.9pct per year over past five years: Cameron Kusher
Capital city home values have increased at an average annual rate of just 1.9% over the past five years, which is significantly lower than the previous two five-year periods, according to RP Data's Cameron Kusher. It reflects changing consumer attitudes towards debt following the global financial crisis. Looking at three five-year periods, the research by the senior research analyst at RP Data indicated the strongest growth period as 1997 to 2002 when the annual growth was 12%...............................................Full Article: Source
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