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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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House prices to increase

By Staff Reporter
06 July 2009 | 1 minute read

House prices should recover thanks to the ongoing shortage of residential dwellings, Lend Lease chief executive Steve McCann has claimed.

Speaking to ABC television’s Inside Business, Mr McCann said the general shortage of housing in Australia gave him confidence that the downturn in the housing sector would soon ‘bottom out’ and start to recover.

“We don’t see massive pressure on prices, and it will take some time for the economy to get back into full swing, and that should result in the right sort of balance there,” he said.

House prices to increase
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.