median house prices

According to the Telegraph, the house price correction in the UK is now over, so everyone can relax. They reference a report by the Centre for Economics and Business research which apparently states, house prices will actually “grow,” between the fourth quarter of 2009 and end-2010 and that, “there is a good chance that they will rise even more quickly, thanks to the unprecedented collapse in new homebuilding.”

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The continuing mining boom and related job opportunities fueling net immigration to Western Australia isn’t stopping the state’s property prices dropping reports the Real Estate Institute of Western Australia.

WA house prices peaked at the end of 2007 when the Perth median price reached $475,000, prices have now dropped to $446,000.

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