House prices surge to new highs

Data from the Australian Bureau of Statistics (ABS) show the prices for houses in Australia has surged in the December quarter. The weighted average for the eight capital cities increased 5.2% for the quarter, bringing the annual gain to 13.6%, once again outstripping wage growth and inflation.

ยป 6416.0 – House Price Indexes: Eight Capital Cities, Dec 2009 – The Australian Bureau of Statistics, 2nd February 2010.


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