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The image shows average house prices in thousands for Sydney, Melbourne, Brisbane, and Perth from 2004 to 2014; in 2004, prices were Sydney 550k, Melbourne 350k, Brisbane 300k, Perth 280k; in 2006, prices were Sydney 480k, Melbourne 430k, Brisbane 380k, Perth 430k; in 2008, prices were Sydney 550k, Melbourne 460k, Brisbane 410k, Perth 480k; in 2010, prices were Sydney 580k, Melbourne 570k, Brisbane 460k, Perth 500k; in 2012, prices were Sydney 575k, Melbourne 540k, Brisbane 440k, Perth 465k; in 2014, prices were Sydney 690k, Melbourne 620k, Brisbane 480k, Perth 510k.
Given the complexity of the image, the above description may not be entirely accurate.
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The graph presents data about the average costs of houses in thousands of dollars in four important cities in Australia, for a period of time, starting in 2004.
Overall, it is remarkable that prices in Sydney are the highest throughout the years. Cities like Perth and the capital city, Melbourne, made an approach and got close to the prices in Sydney, but were not be able to become the most expensive ones. Prices for all four cities, although they had some falls in time, increased significally compared to their initial stage ath the beginning of the graph.
By 2004 costs of houses in perth were aproximately two hundred ninety thousands of dollars, which were the cheapest for the time, but, two years later, these prices rised considerably, being around five hundred thousand dollars. Likewise, Melbourne’s prices grew considerably
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