AUSTRALIA RANKS 4th IN PROPERTY PRICE GROWTH

Australia has narrowly missed out on the winners’ podium, placing fourth in a list of the world’s top performing property growth centres.

According to the Global Property Guide's latest survey, Australia achieved average annual price growth of 11.2 per cent in 2009.

Australia’s December quarter growth was 4.63 per cent, which more than recovered its 4.08 per cent downturn for all of 2008.

Of the 34 countries for which quarterly statistics are recorded, 23 recorded house price growth during the December quarter.

Seven countries, led by Israel, have recorded two years of positive growth. Ten countries have recorded two negative years.

The biggest price decline took place in Latvia, down 50.2 per cent last year, after a fall of 36.9 per cent in 2008.

Latest NewsAUSTRALIA RANKS 4th IN PROPERTY PRICE GROWTHMonday, 12 December 2016