Powered by MOMENTUM MEDIA
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.

Residential capital city sales activity down 25pc

Staff Reporter 1 minute read

Sales activity in the nation’s capital city markets fell by almost one quarter in the first three months of the year, RP Data said today.

According to RP Data, capital city sales fell by 24 per cent in the first quarter and 30 per cent from the peak reached in the second quarter 2007.

The slowdown confirmed the significant blow interest rates, the share market collapse plus other volatile economic activity have had on business and consumer confidence.

For buyers not deterred by such factors, RP Data’s Tim Lawless said the market offered “great buying opportunities”.

Published: 17-07-08

Advertisement
Advertisement
Residential capital city sales activity down 25pc
default
TheAdviser logo
default

TODAY'S POLL

View results >

Who do you aggregate through?

Thank you for your vote, you can see the results here.

more from the adviser
APRA RBA ta RBA, APRA sing different tune on serviceability buffers

APRA chair Wayne Byres has dismissed the need for a cut to the bu...

loanapplication Remodelled FHB scheme cops backlash

From 1 July, all applications for the FHLDS will require a Notice...

software digital ta Building society employs video VOI process

Newcastle Permanent has introduced a new process to enable verifi...

FROM THE WEB