Thursday, Feb 15, 2007
down under going under
sydney morning herald: House price gains wiped out
SYDNEY was the only state capital to record an annual drop in house prices last year.
Sydney prices slipped 0.1 per cent, with early gains dragged back by a 1 per cent fall in the final three months, figures published yesterday by the Bureau of Statistics show.
Last year's three interest rate rises have constrained NSW borrowers' ability to afford larger mortgages and forced some others to sell.
Posted by phil @ 06:51 PM (182 views) Add Comment
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