Property market's newest winners

From: http://www.smh.com.au/national/property-markets-newest-winners-20100108-lyva.html

THE inner west and upper north shore are Sydney's best-performing residential property markets with surging land values outpacing the traditionally top-ranking eastern and lower northern suburbs last year.
We have seen all through 2009 strong CG of +10% and more in the Inner West. It would be nice to see some valuers in particular keeping up with reality though.

and

Along the coast, land values fell but Byron Bay remained the most expensive at $297,000, followed by Kiama at $285,000 and Gosford ($230,000).

So it is good to see that prices have recovered strongly in the coastal areas after taking a hit during the GFC mostly caused by people having to sell holiday homes (all at once, dumping too much stock onto the market) to fund margin calls etc.
 
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