Property sales hit new records

A record 5,834 properties have been sold so far in Victoria during the month of June, setting a new all time record according to the Real Estate Institute of Victoria. The June sales figures are 40 per cent above last year June figures and 20 per cent above the previous high month of June 2007, at the height of the last boom.

Agents said the lower and middle price segments were showing the highest price growth on the back of strong buyer demand. After two months of depressed auction numbers, auctions were up strongly in June to new record high of 2,311.

Source: Herald Sun