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

Affordable areas including Blacktown and Liverpool in Sydney and areas in the Hume council of northern Melbourne are maintaining their values at about August 2008 levels, according to the research group. Cockburn in Western Australia and Salisbury in South Australia are other relatively strong performing regions.

RP Data Rismark research analyst Cameron Kusher said expensive properties have been hit hardest because of rising interest rates, a poor equities market and poor consumer confidence.

Values in Melbourne’s bayside area fell an average 14.8 per cent, RP Data said.

 

 

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Marc Pallisco

A freelance property analyst and journalist, Marc is a co-founder of realestatesource.com.au.

Marc Pallisco

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