Mortgage News

House prices rise 20% in a year

Wednesday 17th of December 2003
The threat of rising interest rates (and an actual increase from Westpac Bank) failed to take any of the steam out of the housing market in November when the national median house price hit yet another record, although the number of sales dipped slightly to a still high level.

The national median house price rose from $227,000 in October to $235,000 which was a massive 20.5% higher than the $1...

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