News

House values gain in 09

Monday 11th of January 2010

The State-owned property valuer said house values are now only 4.9% below their peak in late 2007. The average sales price rose to $404,671 in December from $393,373 a month earlier.

"2009 did not bring the continued correction to property values that many were expecting, but housing affordability did improve for a short time while values had dropped and interest rates reached their low...

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