House prices boomed in 2007
Friday, January 25, 2008/
The booming house prices enjoyed by home owners in 2007 are unlikely to be matched in 2008, predicts property research house Australian Property Monitors.
Raising interest rates and a slowing economy would translate to lower price growth, especially in the markets that experience huge growth, including Melbourne, Brisbane and Adelaide.
Melbourne house prices grew more than 25% in 2007, with the median house price rising to $463,488 for the December quarter. If growth in Melbourne continues at the same pace, it would surpass Sydney as the most expensive city in the country.
By comparison, Sydney house prices increased 5%.
Median December quarter house prices
All that glitters is not gold: The upsurge of paid followers and engagement on LinkedIn Sue Parker DARE Group founder
Bin juice bingers: How to avoid the sinister clutches of the procurement department and its cold benchmarking Ian Whitworth Scene Change co-founder
Locked and uploaded: How to take bricks-and-mortar stores digital with video Michael Langdon Levity director
Why retailers have no idea about the future Dean Salakas The Party People chief
There's only one way to attract and retain millennial talent — but it'll cost you a few bricks Lauren Lowe Future Fitouts co-founder
Advice for going green, from one chief executive to another James Chin Moody Sendle co-founder