House price rises accelerating in Australia
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During 2013 Australia´s housing market saw its strongest performance, over the past four years. House prices in the country´s eight major cities rose by 9.48% (6.47% inflation-adjusted) during 2013, up from a minimal year-on-year increase of 2.61% (0.48% inflation-adjusted) in 2012, an annual decline of 4.41% in 2011 and a year-on-year rise of 4.72% (7.26% inflation-adjusted) in 2010, based on figures released by the Australian Bureau of Statistics (ABS).
House prices increased 3.51% (2.66% inflation-adjusted) quarter-on-quarter in Q4 2013, the fifth consecutive quarter of quarterly gains and the highest quarterly rise since Q1 2010.
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