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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

VIEW COMPLETE REPORT
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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Home owners cautious despite growing economic confidence

By Staff Reporter
06 October 2009 | 1 minute read

A new study from Consumer Insights has found the global financial crisis has forced more than one in four home owners to sell their property.

According to a report in The Daily Telegraph, 28 per cent of the 2,270 home sellers gave the global economic slump as the main reason for selling.

Lower income earners and older home owners were the hardest hit, with those aged between 45 and 54 more likely to sell in coming months.

Realestate.com residential general manager Peter Wright said many sellers wanted to reduce their financial burdens.

"This report suggests property owners are re-evaluating financial priorities by taking a more realistic approach to what they can afford," he said.

"Despite speculation of growing economic confidence, home owners are treading with caution."

Home owners cautious despite growing economic confidence
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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.