NEWS
Property values up 1.8 percent in January
Australia's runaway property market is refusing to slow, with the average home rising almost 2 percent in value last month.
Figures released today by RP Data show that average property prices have jumped by nearly 12 percent over the last 12 months.
Tim Lawless, RP Data's national research director said that the early indictors for 2010 pointed to “very healthy market conditions".
Auction volumes and clearances, as well as the number of new property advertisements entering the market, are all higher than at the same time last year, he pointed out.
Source: ninemsn.com.au
Published: 27 February 2010