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Capital City Dwelling Values Rise at Fastest Annual Rate
Capital city dwelling values moved 1.4% higher over the month, taking the combined capital city index to an annual growth rate of 12.9%; the highest annual rate of growth since the twelve months ending May 2010.
Four of Australia’s eight capital cities are now showing an annual growth rate in dwelling values higher than 10%, while Perth and Darwin values continue to trend lower on an annual basis.
According to CoreLogic head of research Tim Lawless, the March results highlight the…
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