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RP Data
http://www.rpdata.com.au•RPdata, Australia’s number one property research house has reported that the market must attempt to redeem Australia largest housing shortage and will expect the construction industry to ramp up construction on new dwelling commencements.
•Positive growth has been seen of the back of the Global financial crisis, that has been unseen in the rest of the world, showing the strength and shortage of Australia residential property market.
•In the 10 months to October Australian capital city dwelling prices have added 10% on average 1% per month.
•Strong rental demand remains with rents in some parts of the country are forecast to increase by 7% in the next 1 months, prompting predictions that households will hand across an extra $5.7 billion to landlord over 3 years.
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•All indications points to an increase is property values as Australian investors are re-entering the market, as they can currently see value.
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