Long-term Price Rises Lead World The long-term rise in Australian house prices since the early 1960s has been the most sustained property market upswing in the world, new research says. Researchers at the Switzerland-based Bank for International Settlements have analysed long-run trends in house prices, trending upswings have been more common than downswings across the 47 countries. “The upswings lasted on average 13 years; with the longest one, in Australia, still continuing after half a century,” the report said. From 1961 to 2016, the report says Australian house prices have grown by an average of 8.1% a year. Since 1961, it says the cumulative gain in Australian property prices is 6,556%. That compares with a cumulative 1,332% rise in United States house prices. admin-ben2017-10-24T00:43:30+00:00October 24th, 2017| Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInPinterestVk Related Posts Census Depicts A Strata Story Census Depicts A Strata Story July 5th, 2022 | 0 Comments Cheaper To Buy Than Rent In 3300 Places Cheaper To Buy Than Rent In 3300 Places July 5th, 2022 | 0 Comments Property Prices Lift Household Wealth Property Prices Lift Household Wealth July 5th, 2022 | 0 Comments Census Reveals Nation’s Changing Face Census Reveals Nation’s Changing Face July 5th, 2022 | 0 Comments Consumers Reject Negative Forecasts Consumers Reject Negative Forecasts June 27th, 2022 | 0 Comments Leave A Comment Cancel replyYou must be logged in to post a comment.