Land Sales Plummeting: HIA, RP Data

LAND sales have plummeted over 40 per cent, nationally, according to new research issued by the Housing Industry Association.

The group expects the residential construction sector to “remain in the doldrums” until at least December. It describes 2011 as the worst stretch for land sales in about a decade.

A joint report by RP Data and HIA, and reported in the AFR, found the number of residential land sales had dropped for the sixth consecutive quarter in March 2011.

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Mosman Tops National Survey – Dollar Value Sales

MOSMAN, in Sydney, ranked as the suburb to record the highest dollar value of sales in the year to July 2010 – almost $851 million.

Research group RP Data has published a survey ranking the country’s top performing suburbs.

Using the total value of property sold for the year, the suburb of Brighton ranked highest for Victoria.

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