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1.Market Observations

31 Jan 2013 (AFR) – Capital city house prices recover

(31 Jan 2013, AFR, p3, Nick Lenaghan)

‘Median house prices increased by 1.9 per cent in the last three months of 2012, setting the scene for a modest recovery in many residential markets this year. Prices rose in all capital cities in the quarter for the first time since March 2010, as revealed by median price figures compiled by Australia Property Monitors, which is owned by Fairfax Media.’

‘The strengthening market pushed Sydney’s median house price 2 per cent higher to a record $656,415. Melbourne’s median improved 2.4 per cent to $526,281.’

Read more at AFR.com (might need AFR login access)

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