The Australian Financial Review --- Page: 3 : 10 May 2007 Original article by Adrian Rollins
ABIX Summary
Between 1 January and 31 March 2007 house prices increased an annualised 8.6 per cent nationally. Although this was lower than the 10.1 per cent rise in September 2006, it remains ahead of the 20-year national average of 7.9 per cent. The weakest market was Sydney, which deteriorated 0.4 per cent in the quarter, but that is 1.5 per cent more than the corresponding quarter of January to March 2006. According to Australian Treasurer, Peter Costello, rental property demand is expected to improve construction activity.
