Monday, May 5, 2008
House prices approximately grew at their slowest quarterly pace this year in the March quarter - dissatisfaction for homebuyers under pressure with 12-year higher mortgage rates. The Australian Bureau of Statistics house price index - that calculates the standard for the country's eight capitals - rose just 1.1 per cent in the March quarter.
This kept the yearly rate at 13.8 per cent. However, the consequence was stronger than the 0.1 per cent add to economists had predicted for the three months to March.
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by cedar @ 11:27 PM
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