Median Values

Ritziest Suburbs Fall Hardest Since GFC Peak: RP Data-Rismark

PDF Print Email
Real Estate News - National
Written by   
Thursday, 07 July 2011 00:32

AFTER what has been a largely bleak economic backdrop, the country’s most affordable suburbs are performing better than its ritziest.

According to research group RP Data-Rismark, exclusive suburbs including Mosman Park in Perth and Hunters Hill in Sydney (pictured, right) have reported drastic median price drops of more than 30 per cent since “the peak”, which it deems to be August 2008 (about six months after when many agents say the downturn started in the large Sydney and Melbourne markets).

Read more...