The Australian Financial Review / 13 August 2013
‘Sydney property prices rose 6.7 per cent in 2012-13 and 2.7 per cent in the three months ended June 30, according to Australian Property Monitors. Nationally, median capital city house prices rose 5.4 per cent over the financial year and 2.8 per cent in the last quarter. The auction clearance rate in Sydney hit a record of 82.5 per cent this month…’
‘On Saturday property developer Legacy Property sold 90 off-the-plan apartments in a new tower that will be built in Bondi Junction in Sydney, a sale of four every minute.’
Extracts from article by John Kehoe.