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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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Residential market achieves solid gains

By Staff Reporter
31 August 2009 | 1 minute read

Home values across Australia have risen by an average of 5.9 per cent in the first seven months of the year, RP Data’s Home Value Index has found.

According to the Index, Australian home values rose by 0.9 per cent in July on the back of low mortgage rates and only small rises in unemployment.

“Australia’s residential property market has outperformed the other major western markets and provided superior returns compared to shares, commercial property, superannuation, hedge funds and private equities,” RP Data national research director Tim Lawless said.

Melbourne and Sydney led the charge in rising house values, with increases of 8.5 per cent and 6.6 per cent respectively.

Darwin was the strongest of all capital cities with home values increasing by 10.8 per cent.

According to Lawless, house prices continued to outperform units in the month of July.

In the three months to end July, house values increased by 2.4 per cent while unit values rose by 1.6 per cent.

 

Residential market achieves solid gains
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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.