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%
SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
PREFER TO SUBSCRIBE VIA EMAIL?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.