Mercury

Mondo Times editors    Boulder Colorado USA

Posted at 2:28pm on Wednesday, January 27th, 2010

Housing Prices Up Locally, Nationally in Australia

The (Hobart, Tasmania, Australia) Mercury reported on January 28, 2010:

"Battery Point has led house and unit price rises in Tasmania in 2009, followed by Chigwell and Lindisfarne.

Hobart was the second-strongest housing market in the country last year, with median house and unit prices growing more than 14 per cent.

The Australian Property Monitors report showed the median Battery Point house price rose 28.4 per cent and units 32.8 per cent compared with 2008.

Where houses were concerned, Chigwell was next with 18.9 per cent, followed by Carlton, 17.8 per cent, Seven Mile Beach, 17.3 per cent, and Dynnyrne with 15.9 per cent.

In the top performers in units, Lindisfarne prices increased 25.6 per cent, Sandy Bay 24.6 per cent, Kingston 6.6 per cent and Hobart 6 per cent.

Hobart's median house price in the last three months was $321,798, up from $303,067 in the September quarter.

The median unit price was $246,854, up from $234,431.

Suburbs with at least 20 annual sales and with full price histories were counted.

Nationally the property market posted a 4.8 per cent rise in median prices for the December quarter, and a 12.1 per cent rise for the year."

The full story:
http://www.themercury.com.au/article/2010/01/28/124385_todays-news.html