There’s no sugar coating it – 2011 was a tough year for property.
But obviously there is not one property market and some segments have performed better than others. In fact some performed very well.
The recent RP Data-Rismark Home Value Index reveals some interesting facts.
As you’ll see from t he chart below Sydney’s Point Piper is Australia’s most expensive suburb for both houses and units.
Brewarrina in NSW has the most affordable houses, while Millicent in SA had the most affordable units.
Over the year to October 2011 capital city home values fell by 4.0%, while regional house values fell by 3.5%
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