Characteristics of the top estates include good security, activities like golf and horse riding, facilities like shops and children playgrounds, well designed
houses of high quality, the spacing of
houses, views including scenery and wildlife, the appeal to wealthy buyers and the
resale and
price growth potential.
However, as most
resale markets move toward more balanced conditions,
growth in average MLS
price is forecast to slow to 5.2 per cent in 2008 and 3.8 per cent in 2009, says the federal
housing agency.