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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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Subdued market activity ahead: RP Data

By Staff Reporter
12 November 2009 | 1 minute read

Market activity is expected to settle as the festive season approaches, RP Data’s head of property research Tim Lawless has claimed.

According to Mr Lawless, the seasonality of the market is most felt from the second week of December through to the third or fourth week of January.

Advertising tends to slow down at this time, as does buyer activity.

“For those looking to buy, the festive season is a time when there is reduced competition in the market, so potentially this may be a good time to seek out a property and make an offer,” Mr Lawless told Real Estate Business.

“Prices are likely to continue rising over the first quarter of 2010, albeit at more modest levels than recorded over 2009. Over the first nine months of the year values were up 8.1 per cent, however the month of September saw price growth flatten.”

Mr Lawless said the key markets are likely to be the premium suburbs where prices fell the most during 2008 and are now showing a rebound on the back of improved business conditions and equity market performance.

Subdued market activity ahead: RP Data
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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.