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Real Estate Business Awards 2021

The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Prestige property market breakdown

By Staff Reporter
21 July 2009 | 1 minute read

Properties at the top end of the market are currently suffering significant losses, with values falling anywhere up to 45 per cent, statistics from Australian Property Monitors (APM) has revealed.

Hundreds of Australian residents are being forced to sell their high end homes at record low prices.

The Weekend Australian composed a list of the top 100 discounted properties in the country.

A Surfers Paradise estate recorded the biggest drop after settling for 45.7 per cent lower than its original price.

The greatest number of price cuts were in the Sydney suburb of Mosman, with nine properties forced to sell undervalue.

One property dropped from an asking price of $12 million last year to recently accepting an offer of a little over $6 million.

According to APM, the top 100 list is only comprised of sales reported to the valuer-general offices and agent reported sales; government reported sales are yet to come through.

Prestige property market breakdown
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
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.