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Hobart marks biggest 20-year growth in house prices

Press coverage 12 April 2023 Summary of published coverage
Hobart marks biggest 20-year growth in house prices

Australian Bureau of Statistics figures covering March 2002 to December 2022 showed the smaller capitals delivered the strongest median house price growth, led by Hobart at 5.9 times, ahead of Adelaide, Canberra and Brisbane. Sydney and Melbourne more than tripled but trailed most other cities. PIPA’s Peter Koulizos said the results demonstrated that smaller markets could suit long-term investors despite periodic falls and flat stretches.

Reported by

Gerv Tacadena, Your Investment Property, 12 April 2023

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PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

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