Australia's property market rebounds
Article Category: Property & Housing
By By Broker News, 1 March 2010
Australia's property market rebounds
The worlds housing markets are mostly in recovery, and Australia just missed out on a spot on last years winners podium, with its 11.2% annual price growth ranked fourth best in the world, according to the Global Property Guides latest survey.
Australia's December quarter growth was 4.63%, which more than recovered its 4.08% downturn for all of 2008, reported BusinessDay.
During December quarter, house prices rose in 23 countries, of the 34 countries for which statistics are available.
Seven countries, led by Israel, have recorded two years of positive growth.
Ten have recorded consecutive negative years.