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Property markets in Australia are in a somewhat strange position at present. Markets are neither charging ahead as we’ve been used to, nor are they seeing significant price drops as has happened in many markets across the globe. Instead, they seem to be holding steady – not going forwards or backwards by any significant amounts.
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The Victorian capital’s bull run is over. RP Data figures have revealed the first price falls in Melbourne since 2008, with values falling 1.9% in the three months leading up to January 2011.
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