Sunday, April 19, 2015

Newcastle real estate booms, Upper Hunter prices drop

This chart comes from the Newcastle Herald. Brief comments follow the graphic.  

The story reports that the median house price in Newcastle have grown faster than in every Australian capital city over the past five years. It also reports that house prices in Upper Hunter coal dependent towns have collapsed.

Have a look at the story. What do you think? Surely the results are not surprising. 

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