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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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Real estate activity peaks

By Staff Reporter
01 October 2009 | 1 minute read

After a couple of months of strong growth real estate activity has peaked and will ease over the coming period according to the latest figures from RP Data.

According to RP Data’s Market Activity Index, real estate activity increased by 17 per cent at the beginning of June and is currently 26 per cent higher than the same period last year.

The consistently high measure in the index suggests that real estate agent listing activity is at its highest point and will likely start to taper over the coming month as agents shift focus from listing to selling.

The RP Data – Rismark Home Value Indices for August, released earlier this week, showed a significant jump in property values.

Over the last twelve months Australian property values have increased by 6.6 per cent (houses up 6.0 per cent and units up 8.3 per cent).

The largest gains have been in Darwin, however, data over the last quarter shows that Melbourne is starting to rival the northern state’s dominance as the number one capital city for value growth.

Sydney houses remain the most expensive in the nation with a median value of $603,154 – $89,000 higher than the national average.

Real estate activity peaks
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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.