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Australian home prices in 2010 could rise 10 per cent

John McGrath, chief executive officer of McGrath Real Estate Agents (MGREA) sees Aussie home prices continuing their upward trend this year.
McGrath said when interviewed he expected average home prices across major cities to rise by as much as 10 percent on 2010, with upward pressure coming from continued economic growth and an ongoing shortage of suitable properties for sale. McGrath said when interviewed he expected average home prices across major cities to rise by as much as 10 percent on 2010, with upward pressure coming from continued economic growth and an ongoing shortage of suitable properties for sale.

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