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5 fast facts you didn't know about the property market in Australia

1. Australia's Strongest Performing Suburb for 12-month median house price growth was Ashfield, Queensland. The suburb, near Bundaberg, recorded growth of 71.1 per cent, jumping up from $225,000 to $385,000.

2. Australia's strongest performing suburb for 12-month median unit growth was Stockton, New South Wales. The suburb, just three kilometres from Newcastle's CBD, recorded growth of 92.4 per cent, jumping from $200,000 up to $385,000.

3. Australia's strongest performing suburb for 12-month housing rental growth was New Farm, Queensland. Median rents jumped from $495 per week to $600 per week, up 33.3 per cent.

4. Australia's strongest performing suburb for 12-month unit rental growth was Muswellbrook, NSW. Median rents jumped from $180 per week to $260 per week, up 44.4 per cent.

5. The suburb with the highest number of sales over the past 12 months was Bonner, ACT. Just 44 homes sold in the suburb last year, compared with 83 this year (in the 12 months to February 2011).

Source: Australian Property Monitors. Figures accurate to June 2011.


This post first appeared on INTELLICHOICE FINANCIAL SERVICES, please read the originial post: here

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5 fast facts you didn't know about the property market in Australia

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