Thursday, September 10, 2009

House sales

The number of houses sold across Australia was 130,000 in the June quarter, up 32 per cent from the corresponding period in 2008, RP Data said.

Sales of houses in Perth were nearly 60 per cent higher in the June quarter compared to the corresponding period in 200,

Sales in the June quarter last year were nearly 70 per cent below the five-year average.

"The future is looking brighter for Perth with the resources sector once again picking up and a modest degree of capital growth returning to the market," Mr Lawless said.

Sydney, Australia's largest city, had the second biggest rise with sales up 38 per cent on a year before.

Sales of houses in Brisbane were up 35 per cent, Hobart sales were 34 per cent higher, Darwin had an increase of 32 per cent and Melbourne was up 30 per cent, RP Data said.

Adelaide sales were subdued, up nine per cent.

However, house sales in 2008 were significantly below the 2001 to 2003 period during the property boom.

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