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Perth leads house price recovery

Perth's housing market looks set for a strong recovery in 2013, with the median home price reaching a two-year high.

The RP Data-Rismark daily home value index for Australia's five largest capital cities was up 1.7 per cent compared to a year ago, with the median price of Perth homes up three per cent over the same period. 

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Comments

Interesting term used in the opening sentence, 'strong recovery'. Recovery from what? Perth housing has hardly been in the doldrums rather there was a slight correction over the last year in an inflated market.

Our young folk will have even less chance of actually owning a home as prices lift further beyond reach. They will have to wait to inherit their parent's house, which is a sad state of affairs. A stable population would stop this madness. Rising house prices don't make the country richer over all.

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Total Shareholder Return as at 29/07/16

1 year TSR5 year TSR
117thNorthern Star Resources158%67%
129thFortescue Metals Group144%-4%
409thSouth323%0%
487thIluka Resources-8%-14%
567thWoodside Petroleum-22%-2%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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Share Transactions

29/07/16
$0 Other
29/07/16
$0 Other
29/07/16
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1st-Fortescue Metals Group$11,264.3m
2nd↑Woodside Petroleum$6,935.4m
3rd-South32$6,492.2m
4th↑Iluka Resources$884.1m
5th↑Northern Star Resources$846.5m
526 listed resources companies ranked by revenue.
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Remuneration from Fortescue Metals Group

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12thStephen Pearce$2.551m
25thNick Cernotta$1.566m
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