House Prices are at all time highs

From yesterday's press. How much higher can house prices go? Melbourne appears to be the standout, with Hobart a surprising second.

HOUSE prices are at all time highs in most capitals after more buying in expensive suburbs drove the strongest annual price growth in seven years.

The medium-to-long-term outlook for property prices remains strong as the population grows, incomes rise and demand for houses outstrips new supply, says an Australian Property Monitors' report.
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