Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Mosman sales eclipse $851m

Staff Reporter 3 minute read

Staff Reporter

The Sydney suburb of Mosman has recorded the greatest total value of sales in the year to July 2010.

According to new research by RP Data, 329 properties were sold in Mosman in the 12 months to July for a combined worth of almost $851 million.

Throughout Australia, the total value of dwelling sales eclipsed $213 billion – markedly more than five years ago.

Advertisement
Advertisement

In 2005, the total value of sales across the country equated to more than $165.5 billion – 30 per cent less than 2010.

RP Data analyst Cameron Kusher said these latest statistics highlight both the increasing demand for dwellings and the growth in the values of property during the last five years.

“For vendors, these conditions equate to additional profit to be made from the sale and for the property professionals it translates into additional commission,” Mr Kusher said.

Mosman sales eclipse $851m
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

PROMOTED CONTENT


default

 

more from the adviser
Paul Herbert AMP Newsroom

Breaking News

AMP hires intermediary head

AMP Bank has recruited from MyState for its new head of intermedi...

Theo and Alex Shore Financial

Breaking News

Brokerage officially launches white-label loan

North Sydney-based brokerage Shore Financial has officially launc...

interest rate savings

Breaking News

More clients look to lock fixed rates than 2020

More borrowers are eager to lock in fixed interest rates than thi...