A for sale sign is seen outside a property in Sydney, Australia. (Getty Images)
A for sale sign is seen outside a property in Sydney, Australia.
(Getty Images)

Australian House Prices: The Slow Bleed

February 1, 2013  •  From theTrumpet.com
House prices are falling, but will the slow bleed become a hemorrhage?
 

It should not surprise people that Australian house prices dropped last year. What is surprising is how little they fell.

The latest numbers from RP Data show that house prices across Australia’s capital cities fell 0.4 percent in 2012. Melbourne houses lost the most value, with prices down 2.9 percent. Brisbane and Adelaide both lost 0.8 percent. Hobart lost 0.1 percent. Sydney and Perth defied the trend, growing 1.5 and 0.8 percent respectively.

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