Australian House Prices Up 10% YTD
RP Data-Rismark have released the capital city hedonic house price index for October, showing house prices up 10% YTD.
Here’s what $1.85 million buys you in the Sydney suburb of Paddington:
posted on 30 November 2009 by skirchner
in Economics, House Prices
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Comments
Well, you do realise that the stronger the growth in house prices, the higher interest rates will have to go. The RBA will not tolerate a housing bubble. They didn’t in 2003, and I suspect they won’t now either.
Posted by .(JavaScript must be enabled to view this email address) on 11/30 at 10:45 PM