Monday, December 03, 2007

House Price Update

Thanks to financial reality for the graph. House prices continue to fall in the US. However a renewed decline in house prices is yet to get underway in Australia. There was a decline in prices in Sydney and a slowdown in other cities earlier in the decade and since then prices rebounded. The following are year on year changes for September 2007:

Data are reported on a quarterly basis by the Australian Bureau of Statistics. Only Perth is now showing the beginning of a slowdown though price actually rose in the last three months there.

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