New research shows that Australia had one of the strongest housing markets in the world during 2010.
The report, released by Canada's Scotiabank, tracked the housing markets in 12 advanced economies throughout 2010.
Home prices increased in Australia, Canada, France, Sweden, Switzerland and the United Kingdom.
They remained flat in Germany and the United States, and fell in Ireland, Italy, Japan and Spain.
Australia led the way, thanks to relatively low unemployment and tight housing supply.
Meanwhile, Australia’s median house prices have jumped from about $460,000 at the beginning of the 2009 to close last year at about $550,000, according to ANZ analysis of their own research as well as data from the Australian Bureau of Statistics and the Reserve Bank.
And the ANZ predicted that a shortage of available homes to rent would help to keep pressure on prices in the year ahead.
The rental vacancy rate is tipped to fall from 2 per cent in 2010, to under 2 per cent this year.
The report, released by Canada's Scotiabank, tracked the housing markets in 12 advanced economies throughout 2010.
Home prices increased in Australia, Canada, France, Sweden, Switzerland and the United Kingdom.
They remained flat in Germany and the United States, and fell in Ireland, Italy, Japan and Spain.
Australia led the way, thanks to relatively low unemployment and tight housing supply.
Meanwhile, Australia’s median house prices have jumped from about $460,000 at the beginning of the 2009 to close last year at about $550,000, according to ANZ analysis of their own research as well as data from the Australian Bureau of Statistics and the Reserve Bank.
And the ANZ predicted that a shortage of available homes to rent would help to keep pressure on prices in the year ahead.
The rental vacancy rate is tipped to fall from 2 per cent in 2010, to under 2 per cent this year.
Posts
