Australian House Prices Up 10% YTD
RP Data-Rismark have released the capital city hedonic house price index for October, showing house prices up 10% YTD.
Here’s what $1.85 million buys you in the Sydney suburb of Paddington:
posted on 30 November 2009 by skirchner
in Economics, House Prices
(1) Comments | Permalink | Main
Well, you do realise that the stronger the growth in house prices, the higher interest rates will have to go. The RBA will not tolerate a housing bubble. They didn’t in 2003, and I suspect they won’t now either.