NEWS
Australia ranked best performing property markets
Australia's property markets emerged as one of the top performers during the third quarter of 2009, trumping most housing markets in the leading economies according to the latest ranking by Global Property Guide.
Australia's housing markets recorded a solid price increase of 4.9% year-on-year to end-Q3 2009.
The report also noted that while many housing markets in the world's leading economies remain distressed, Australia and other Asian countries are currently enjoying strong economic growth and high residential property price rises.
Source: globalpropertyguide.com
Published: 28 November 2009
