In 2008 Melbourne will come out on top of cost of the Australian habitation
According to the forecast of Australian Property Monitor, in 2008 Melbourne can outstrip Sydney regarding high cost of habitation in Australia.
In 2007 the average cost a residential real estate in Melbourne has grown by 25,2 % whereas in Sydney rates of growth have made only 4,8 %. Thus, as of December of the last year average cost of a house in Melbourne has reached a point of 405,1 thousand dollars, in comparison with 323,4 thousand for the similar period of 2006.
In Sydney the prices have risen from a mark of 461,6 thousand US dollars to 483,6 thousand dollars.
In the forecast for 2008 company Australian Property Monitor has noted, that Australian real estate market will featured by instability, caused by consumers’ discredit, writes The Australian.
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