The latest data on residential property prices by RP Data-Rismark shows a rise of 2% for August 2009. This is the fastest increase since the service started compiling the figures in 2005, and indicates that the stable financial system, relatively low unemployment, and housing undersupply due to a growing population are keeping the Australian market resilient. Auction clearance rates are also routinely above 80% now, in contrast with the brief slump 12 months earlier.
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