Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

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05 January 2010

Figures emerging. 2009 a good year for property.

Figures released this morning by RP Data ( National Home Value Index, which is published by the RBA in the Statement on Monetary Policy, Australian home values rose by an indicative 1.1 per cent in the month of November after 1.3 per cent growth in October (October’s initial indicative estimate was 1.4 per cent).

Brisbane posting 6.9% solid growth for the year to November (figures yet to come in for December), despite widespread predictions of a flat year. The removal of the first home owner's grant (FHOG) boost has had a negligible impact, with investors and upgraders entering the market. The market is not expected to slow, despite interest rates normalising to around 7-8% and other Government stimulus winding back.'s Tim Lawless said, "The primary driver of growth will continue to be an under supply of housing coupled with extraordinary housing demand fuelled by population growth".

Brisbane's median house price is $449,850, while units are $375,000.

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