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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
Travancore
49.78%
Timboon
49.57%
Dolphin Point
49.51%
Nyah West
49.42%
Preston Beach
49.29%
Newington
48.97%
Killcare Heights
48.89%
Wundowie
48.77%
Homebush
48.44%
Glenside
48.28%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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State of Markets – NSW December 2011

By Staff Reporter
01 December 2011 | 1 minute read

Essential information, plus expert insight on what is shaping the national property market...

NEW SOUTH WALES

Fast Figures

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  • $560,000 – Sydney median house price
  • 54 – Median days on market for Sydney houses

Foreign investors eyeing NSW land
Foreign investors have warmed to purchasing distressed agricultural assets in New South Wales, new research shows.

PRDnationwide data show the UK is the largest offshore investor in primary production land, with ownership totalling 613,000 hectares.

China is the biggest spender, with more than $189 million invested in land purchases in mining regions and a smaller share in vineyards.

The top owner of NSW land in dollar terms is Shenhua Watermark, with total funds exceeding $158 million, PRDnationwide’s NSW research manager, Oded Reuveni Etzioni, said.

“The Chinese coal miner owns approximately 33,000 hectares in the Gunnedah region, with arable land purchased over the past two years accounting for a large portion of it,” he said.

“Foreign companies are investing not only for the monetary benefits but also to secure scarce resources,” he added.

UK-based John Swire & Sons is the largest foreign NSW land owner in NSW, accounting for 92 per cent of total UK holdings.

Hunter region a good investment
Property experts have flagged the NSW Hunter region as a prime investment area.

The Hunter suffers from a housing shortage and the lack of rental properties is both putting pressure on real estate agents and creating a rental war.

The region has seen a surge in population in recent years on the back of the resources boom and a $1.7 billion investment in infrastructure, creating hundreds of jobs both for local and new residents.

“Everything about this region seems to be moving forward,” Hotspotting.com.au founder Terry Ryder said. “Its population has recorded the largest increases of any NSW region outside Sydney in recent years.

“Towns such as Muswellbrook, Maitland and Singleton have strong property markets at a time when many city markets are flat because of the strength of economic activity in the Hunter region.”

Research house BIS Shrapnel expects median house prices to rise by 18 per cent by 2014.

State of Markets – NSW December 2011
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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
Do you have an industry update?

top suburbs

12 month growth
Travancore
49.78%
Timboon
49.57%
Dolphin Point
49.51%
Nyah West
49.42%
Preston Beach
49.29%
Newington
48.97%
Killcare Heights
48.89%
Wundowie
48.77%
Homebush
48.44%
Glenside
48.28%
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.

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