<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7aaa5dce-3a5d-4733-b2c6-14ad0f6b4b29/54E64A26-B21E-45D4-86E8-1A19AB51274F/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601081&sid=aKEK8cOcvqC8&refer=australia" href="http://www.bloomberg.com/apps/news?pid=20601081&sid=aKEK8cOcvqC8&refer=australia" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601081&sid=aKEK8cOcvqC8&refer=australia"><SPAN class="news_story_title">Australian Annual House Prices Fall Record 6.9% (Update1) </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601081&sid=aKEK8cOcvqC8&refer=australia"><P> May 4 (Bloomberg) -- Australian <A href="http://www.bloomberg.com/apps/quote?ticker=AUEHQOQ:US">house prices</A> fell by a record annual amount in the three months through March as the nation’s first recession since 1991 and surging unemployment sapped demand for property. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601081&sid=aKEK8cOcvqC8&refer=australia"><P>“It’s a sizeable drop and isn’t surprising,” said <A href="http://search.bloomberg.com/search?q=Matt%0ARobinson&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Matt Robinson</A>, an economist at Moody’s Economy.com in Sydney. “We had a period where people just didn’t know how bad things were going to get, and no amount of monetary policy stimulus and first-home-owners grants were going to encourage them to buy.” </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601081&sid=aKEK8cOcvqC8&refer=australia"><P>The worsening employment market also shows signs of eroding pricing power for landlords. TD Securities Ltd. said today that rents fell 2 percent in April, after sliding by around 3 percent in the previous two months. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/54E64A26-B21E-45D4-86E8-1A19AB51274F/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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