January 16th, 2008 — NSW, Sydney
Sydney Real Estate - Sydney NSW has a dynamic property market, as the largest city in Australia Sydney has also enjoyed some of the highest prices and biggest price gains. Buying into the city is an expensive exercise when you compare prices to other parts of Australia. Luxury homes on Sydney Harbour can cost tens of millions of dollars. High prices for units, flats and townhouses makes it hard to break into the market for low income and first home buyers. Land of course is at a premium and rental returns are on the way up for investors on the back of the current housing affordability problems.
Recent Sydney Market Data
Sydney Sep quarter median % change
Jun 07 – Sep 07 % change
Sep 06 – Sep 07
House Price $538,400 +1.5 +3.4
House Rent (3 b/r) $295 pw +5.4 +9.3
Unit Price $360,900 -0.9 0.0
Unit Rent (2 b/r) $340 pw +3.0 +9.7
Vacancy rate 1.4 0.0 -0.3
Features -
Bondi Beach, Sydney Harbour Bridge, Sydney Opera House, Sydney Harbour
January 16th, 2008 — NSW
Wollongong Real Estate- Wollongong is the third largest city in NSW and the property market has enjoyed healthy growth driven by the same factors that have seen prices rise around the rest of Australia in recent history. Located to the east of the Illawarra range and just 82 klms to the south of Sydney the metropolitan area of Wolongong has several “urban centers”. The area has 17 beaches and great cultural diversity which makes it popular with tourists. Areas close by include Port Kembla, Corrimal, Unaderra and of course Sydney is less than an hours drive to the north.
December 12th, 2007 — NSW, Sydney
Sydney Real Estate - Within the vibrant city of Sydney and close to the CBD are a number of flats available for rental or purchase. Choose to live within walking distance of the heart of the city and walk to work or stroll into the city for an evening’s dining and dancing. The city’s leisure activities are right on the doorstep and homes offer privacy and security. Flats have private undercover parking and are within easy walking distance of grocery shopping, bakery’s and bottle shops. There are a number of attractively priced flats on the market which are spacious, clean and have views of the nearby bay.
December 11th, 2007 — NSW
Port MacQuarie Real Estate - Located in the sub tropical climate of Northern New South Wales with its warm summers and cool winters, Port MacQuarie is a very attractive proposition for later in life. Situated on the coast with easy access to long, sandy beaches which are quite safe for swimming, Port MacQuarie has a number of houses and properties that are ready for refurbishment and development. This market already has seen the value of taking the older homes in the area and creating modern and contemporary attractive properties that lift the value of the area. Also available are houses on large acres which are suitable for stock farming.
