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New home sales set to rise across Australia in 2013

Sales of new homes are expected to be up across Australia over the next 12 months.

Sales of new homes are expected to rise in some of Australia's biggest cities over the coming months as the property market continues to improve.

That's the picture being painted by the latest figures from RP Data, which has found that, while the residential property sector endured a relatively tough 2012, it is on track to enjoy a healthier 2013.

Indeed, the company's latest report predicts that sales of new homes in Brisbane, Sydney and Perth in particular will increase over the first few months of the new year, spelling good news for both property investors and developers.

Commenting on the state of the market, RP Data managing director Peter Summers said: "We're more optimistic – there's a little bit more of an upbeat sentiment about the place heading into 2013."

At the same time, the latest RP Data figures show that Darwin continues to lead the way when it comes to upwardly mobile property prices, with the Northern Territory city enjoying a strong end to 2012 thanks to high levels of demand from buyers.

Meanwhile, in Darwin, council chiefs are stepping up their efforts to make the city's streets safer and more inviting after dark.

Posted by Ravin Chatlani

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