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Property In Review

What happened in 2007?  

A few interesting property market statistics courtesy of RP Data.

National House and Unit values increased by 12.58% over the 12 months ending October 2007.

Adelaide prices may still be the second lowest of the capital cities however they have grown nearly 24%.

Sydney prices finally rose by over 7% after 3 years of stagnation. 

Perth price growth has now slowed down with negative growth recorded for the last quarter.

Canberra prices have slowed after a particularly strong period of growth in late 2006 and early 2007.

Melbourne properties are booming with over 18% growth and houses taking only 22 days to sell.

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