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Tuesday, 09 February 2010 GMT
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Australian House Prices Fall in Fourth Quarter
Monday, 02 February 2009 00:47:08 GMT
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Australian House Prices fell by -0.8% in the final three months of 2008 after having also slipped during the two quarters prior, bringing the total decline to -3.3% for the year. With the thought of recession lingering in the minds of the public, demand for housing has plummeted as labor market weakness continues to deteriorate housing values. Indeed, December alone saw a significant structural shift in jobs as 43.9k full-time positions were converted into 42.8k part-time ones.
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