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Housing Demand Still Strong

The state’s housing supply and demand imbalance continues to provide the property market with the prospect of upward pressure on prices and rents.
Bureau of Statistics data released this week reveals the surge in home loans approved for owner-occupiers continued in December 2011, driven by large numbers of first-home buyers.
The number of home loans approved for first-home buyers in December jumped 8 per cent to 4280.
This was the highest monthly figure recorded since October 2009.

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