Australian House Prices

At last, we're starting to get media commentary acknowledging that "Australian house prices" are not surging, just prices in some locations, primarily Sydney and surrounds. The Housing Industry Assoc, somewhat belatedly, points out that prices are high in Sydney and, to a lesser extent, Melbourne, but that most Australians live in other locations, where price growth is "relatively modest". The HIA is concerned that the Reserve Bank's one-size-fits-all approach to dealing with what is essentially a Sydney issue will kill the revival in new home building. Linda Debello Mob2: 0409 995 578 Carlos 3263 6085 / 0400833800 LJGillandRealEstatePtyLtd http://www.ljgrealestate.com.au/index.php?lan=ch