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Sydney Housing Market booms with price growth at nearly 20%

By Clayton Ross, Fairchild Head of Property

Sydney housing prices continue to grow as the median house price has reached 18.8 percent.

According to the Bendigo Bank and Real Estate Institute of Australia, huge growth has been reached between the first quarter of 2014 and the first quarter of 2015; and with an increase of $783,000 to $930,000, we can see why!

Another indicator is found within eight of Australia’s capital cities, where the median house prices have increased by 8.6 percent (from $607,000 to $659,000) and the median price for units is 7.2 percent (from $483,000 to $518,000).

In the continuing year it seems that house prices will continue to increase, largely due to low interest rates. Your property investment is looking very good right now.

For advice on property investment, call us today on 1300 769 166, and learn more of what this means for you!

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.