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Australia’s share market the highest for 21 months

Share market rise could create a lift in property prices later this year.

Australia’s share market reached its highest value since April 2011 on Friday morning, the Wall Street Journal has reported.




Rising shares show that the Australian economy is rising, which in turn could lend to a rise in Australian property prices.




The Australian property market has already shown a rise over the course of January, which surprised traders following a drop in the US property market.




Experts have previously suggested that the rise in Australia’s property market is partially owed to the country’s interest rates, which had been lowered to record levels over the last year. This has made it easier for buyers to take out a mortgage on a property.




The Australian share market is measured at the stock exchange using that Australian Security Exchange index from the US financial services company Standard and Poor’s. Early on Friday morning the index figure showed a 0.6 per cent rise to 4911.1, which is the highest value for the last 21 months.



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