Growth in Housing Price Index Seen
According to the Australian Bureau of Statistics, the national index climbed 4.2 percent, a turnaround from the 1.5 percent fall recorded last quarter. This exceeds the median market forecast for a rise of 2 percent.
“A 4.2 percent rise in established dwellings in the June 2009 quarter followed four straight quarters of decline in the ABS series with the index still down by 1.4 per cent relative to mid- 2008,” said Housing Industry Association chief economist Harley Dale [...]
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