Strong start for Australian property prices in 2010 but concerns raised over increasing loan rates

[Editor]

Residential property prices in Australia have made a strong start this year, defying the threat of*rising interest rates although a new survey indicates they are getting too high for first time*buyers.

Melbourne and Adelaide are leading the surge, recording increases of up to 4.3% in January while*nationally real estate prices grew 1.8% during the first month of the year. It means that in the*last 12 months prices have jumped 11.8%, the figures from the latest RP Data index show.



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[Shane Australia]

The melbourne market has done incredibly well throughout the last 12 months. The Eastlink freeway has made a huge difference to the prices down in Frankston. There is another link road opening this year i think, that could do the same...