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More than two thirds of Australians are keen to reinvest in the property market.

Article Category: Property & Housing

By http://news.thebrokerresource.com.au, 20 April 2010

LAND prices are growing at their fastest pace since 2004, a new report says, raising fears that a housing shortage will push up prices and rents further.

The price of a typical block of undeveloped land jumped by 14 per cent last calendar year to a record $185,222, galloping ahead of inflation and construction costs, according to figures published yesterday by the Housing Industry Association and RP Data.