April 22, 2010 , Australia – From the latest news regarding the house and land for sale in Australia stated that they have been continuously experienced an increase regarding their earnings started last month. According to them, this is a sign of recovery from the previous economy crisis that has been experienced by most of the home builders and new homeowners in Australia.
The figures of data stated the amount of residential land in Australia that is known to be continuous to increase dramatically in late 2009. This recovery is said to be a threatening stall in recovery of the housing sector, a statement announced last Monday by the Housing Industry, an umbrella group for home builders,
In accordance with the data reported that the median price of raw land increased by 2.2% to a record A$185,222 in the fourth quarter from the third quarter.
Source: The Wall Street Journal
