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SCA Property Group chief financial officer and executive director Mark Fleming is shifting into the position of chief operating officer and head of funds management and strategy. ....
-National house prices up 2.8% in March -Auction clearance rates hit record 83% -Melbourne CBD assets under greatest pressure -Woolworths sustains market share gains over Coles By Mark Story Housing recovery: A tailwind to economic growth Having delivered the strongest monthly price growth since 1988, national house prices were up 2.8% in March from February, which underscores broad-based strength across loan demand, construction and turnover; and all are expected to provide a tailwind to broader economic recovery. While detached house prices continue to lead the strength (3.1% for the month, and 6.0% for the year), price growth from apartments this month was also solid (1.9% for the month, and 1.1% for the year). By state, strength was led by Sydney (up 3.7% for the month), with Melbourne and Brisbane prices increasing 2.4% for the month and Perth 1.8%. ....