A survey data showed recently that Australian capital city dwellings’ values dropped by more than 1 per cent for the three months till April. This said to be due to the losses that occurred in the luxury property market.
With home values all across capital cities dropping by 1.2 per cent from the first quarter to April, Brisbane, Perth and luxury suburbs have continually pulled down the Australian housing market.
Latest survey data from RP Data-Rismark Hedonic Home Value Index shows that home designs in Brisbane fell by 3.1 percent while house designs in Perth fell by 3 percent for the quarter on a seasonally adjusted basis. more…
After the the key interest rates hiked in May to 4.75% by the Reserve Bank of Australia (RBA), the housing market of Australia is said to be weakening. According to the Australian Bureau of Statistics (Austats), its Q4 2010 official data is expected to confirm the said softening of the 
