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July 2012 Property Investment Market Update – RPData

In their latest market update video, RPData explain that home values across Sydney, Melbourne, Brisbane, Perth, Hobart and Canberra all rose by 1% or more in June helped along by RBA interest rate cuts over May and June.

Melbourne dwelling values have staged a striking 1.7 per cent recovery since reaching a trough on 11 June.

The daily RP Data-Rismark Home Value Index recorded a weighted-average 1.0 per cent increase over the month of June with broad-based capital gains evidenced across most of the capital cities. The rise in dwelling values has partially reversed the -1.4 per cent fall recorded in May.



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About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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