The Australian property market has fared well compared to other countries such as The USA and The United Kingdom and with stricter Government lending rules, the property market has remained stable and unlike America does not have an oversupply of repossessed properties. The Government has also stopped banks lending to people who are not qualified and will be unable to meet their repayments. Property prices in Brisbane saw a modest drop back in 2008, however, in the first 6 months of 2009 house prices actually increased by nearly 4.5% and certain suburbs performed better than others especially those closer to the city.
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