Daily Archives: 06/07/2010

Prices of properties near train stations grow faster

Properties located within walking distance of the local train station are experiencing an upswing in price, new data from PRDnationwide has found. According to latest research by PRDnationwide, Sydney properties that are located near a railway station have jumped by 12.1 per cent in the 12 months to December 2009. The median sale price in those suburbs has increased significantly ...

Read More »

RBA leaves interest rates on hold

THE Reserve Bank has decided to leave official interest rates unchanged at 4.5 percent, the bank announced this afternoon. Statement by Glenn Stevens, Governor: Monetary Policy Decision The global economy has continued to expand over recent months, consistent with a trend pace of growth. The expansion remains uneven, with the major advanced countries recording only modest growth overall, but growth ...

Read More »

The country's hottest housing market is CANBERRA

Canberra residential property prices are beating every other state in Australia. According to figures provided by RP Data-Rismark, housing prices in Canberra have soared by 3.7% for the 3 months to May 2010, with the median price today being $508,500. The ACT  government  have started selling land via a “virtual” ballot after buyers camped out for a week in freezing ...

Read More »