The latest
index records only modest gains of 2.6 % in Australian
house prices over the past year to March (using ABS data),
ranking the country 10th best performing global
housing markets out of 18 over 2012 with the top performing market being Hong Kong (24.5 %) followed by Brazil (12.8 %), South Africa (11.1 %) and India (10.7 %).
To determine
rankings they used the Fiserv Case Shiller
Indexes which survey over 370
housing markets throughout the U.S. comparing the
price change between two arms - length sales of the same single - family -LSB-...]