NSW Excerpt from the 2011 November Market report
Sydney has been seen as the most robust market in Australia over recent months, partly due to its longstanding housing shortage. Indeed, the overall figures look good in comparison with other capitals. According to RP Data’s June figures, Sydney has overtaken Canberra as the only Australian city to show value growth over the last 12 months. Admittedly, it’s only an increase of 0.5% overall – primarily led by units, which are showing year-on-year growth of 2.3% – but it’s still overall growth in a very difficult market.
QLD Excerpt from the 2011 November Market report
“In some much-needed good news for our property market, investors are again starting to take an interest in Queensland,” he says.