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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%
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Residential market set for upswing

By Staff Reporter
14 July 2009 | 1 minute read

New research from Colliers International has shown that four Australian states have hit bottom and are poised for an upswing.

House prices in Melbourne, Sydney, Brisbane and Adelaide are starting to pick up, with a booming population driving the market, the research revealed.

“Melbourne has started its recovery before the other states and it’s the benchmark for the others to follow,” Grant Dearlove, Colliers International residential managing director, said.

Mr Dearlove said Sydney was not far behind Melbourne, describing the city as a sleeping giant ready to emerge from its cage.

“Sydney and Melbourne are still experiencing population growth, register almost zero vacancy and massive demand – these are three very tasty ingredients in a residential pie,” he said.

 

Residential market set for upswing
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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.