Queensland prices dip

The average price of a property in Queensland, Australia, depreciated 6.1 per cent in Q1 2009, compared to the corresponding period in 2008, according to the latest Quarter Housing Data Report compiled by Australian Property Monitors' (APM)...

Queensland's property sector was the second worst performing property market in Australia, after Perth, with the average price of a home in the state now standing at £209,285.

Despite rising unemployment figures and a weakening economy, mortgage applications have soared so far this year, which should underpin the future recovery of mid-level Australian property markets.

Source: www.homesoverseas.co.uk/news