Top-end property sales have rebounded after falling during the economic downturn, a large real estate company says.

In a sign top-end buyers are returning to the market, Ray White chairman Sam White said on Monday there was a revival in the prestige sector although the company did not release actual figures.

Mr White said the market has “definitely dusted itself off” from the worst of the global financial crisis.

He said sales of prestige properties had been given a boost by the shortage of lower-end properties as a result of the first home owners grant.
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A Melbourne real estate agent who, through “breathtaking greed”, duped an elderly man into selling his property to him for half its value has been jailed for two years. John Michael Talia, 53, was found guilty earlier this month of obtaining property by deception in a case which a consumer advocate says should have hundreds of “dodgy” real estate agents quivering in their shoes.
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