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Rates stalls house price turnaround: APM

Higher interest rates are expected to thwart a turnaround in house prices in Sydney, Melbourne and Brisbane this year, but the commodities boom will insulate Perth, where real estate prices are rising the fastest.
Australian Property Monitors (APM) said a decision by the Reserve Bank of Australia (RBA) to jack up interest rates this week would have little impact on Perth.

APM released its March quarter housing prices survey, coinciding with the release of the RBA’s latest statement on monetary policy in which it said house prices in most capital cities, except Perth, had generally stabilised…..more

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