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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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Investors could lead charge on house price boom

By Staff Reporter
08 September 2009 | 1 minute read

Cashed up superannuation investors could lead Australia into another rampant house price boom.

Before the global financial crisis struck late last year, a rule change was made that allowed super savers to use funds as a deposit on an investment property.

According to a report in the Daily Telegraph, finance firms have reported an increase in the number of enquiries from people with super savings looking to invest

The amount of super savings used for property investment rose to $44 billion in 2008 – a 25 per cent leap on the previous year.

AMP capital acting chief economist Shane Oliver said recent improvements to consumer confidence could open the floodgates for super investors looking to buy into the property market.

However, Mr Oliver also said that a rush of investment could force the Reserve Bank of Australia to raise rates quickly and unexpectedly.

“If economic data continues to surprise on the upside then the likelihood of an interest rate hike in the next few months will rise even further,” he said.

Investors could lead charge on house price boom
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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.