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November 02, 2010

Housing market held up by Melbourne

By BN | 02 Nov 2010

Australian Bureau of Statistics figures have confirmed that the growth in urban housing markets plateaued over winter.

Weighted average growth in the eight capital cities in the September quarter totalled a negligible 0.1%, according to the ABS. Melbourne showed the most significant growth at 2.7%, while values fell in Sydney (-0.9%), Brisbane (-2.1%), Adelaide (-1.4%), Hobart (-1.4) and Canberra (-0.4%).

The average year-on-year growth across all the capital cities was 11.5%. Melbourne again led the way with annual growth of 18.8%, with the slowest growth in Brisbane at just 3%.

Posted by on November 02, 2010 |

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