Region. Residential property values

Data from the NSW Valuer-General’s Department shows suburbs in Sydney’s heavily indebted mortgage belt, such as Penrith, Campbelltown and Blacktown, have emerged from the worst of the downturn, with medium property values unchanged following declines in recent years, according to the Sydney Morning Herald. The data showed the medium value of residential property in Parramatta, in 2009-2010, at $319,000, a rise of 7.8 per cent. Parramatta City Council will use the data when assessing rate rises