Top Ten Residential Survey by valuers Dyson Austen

The sale of 18 Carrara Road at $26.75M (below left) has set a new record following the post GFC Real Estate recovery.

In fact, the latest Dyson Austen Top 10 Prestige Residential Survey prepared quarterly for the Real Estate Institute of NSW illustrates it is only the second time in almost 2 years that the highest transaction was over $20 million.

If we look at this result and the highest transaction ever achieved in the survey history ($45 million – Q3 2008 – above right) both sales occurred at a time when the $AU/US has just been devalued by 12% and almost 10% respectively.

Note: The jumbo prestige residential market is directly linked to the performance of the equity market, with the only other main external factor being the $AU/US rate as seen in Q3 2008 and the latest released Q2 2010 (attached).

To view the results, click here