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1.Market Observations, 8.Was Sticky

22 Mar 2017 (TheAge,Domain) – ABS house price data ‘a clear sign threats in Sydney and Melbourne steadily rising’

(22 March 2017, The Age, p10, Jennifer Duke)

‘Speculation about a housing bubble is likely to heat up even further, with Sydney and Melbourne property prices up 5.2 per cent and 5.3 per cent respectively over the three months to December, official data released on Tuesday shows. Brisbane real estate prices rose 2.2 per cent, and in Perth they were up 0.3 per cent, according to Australian Bureau of Statistics data recorded for the last quarter of 2016. Across all the capital cities, growth was up 4.1 per cent, making it the strongest quarterly growth recorded since the June 2015 result.’

Read more at Domain.com.au

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