26.04.2013 - Australia: Property values to double?
The S&P/ASX 200 has made significant gains this year on the back of heavy investments made in blue-chip stocks. Recent turbulence in the mining industry and overseas markets has left many investors wondering whether the share market has run its race, and whether now may be the time to take their profits and seek gains elsewhere. The solution that those investors are looking for may have been answered by RP Data, which released results suggesting that the value of Australian properties are set to soar. According to the results, a total of 263 suburbs in Australia have recorded an average annual growth rate of above 7.2% over the past five years 68 of which are located in Melbourne...............................................Full Article: Source
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