Sydney's western suburbs have emerged as the powerhouse areas of the harbour city for increases in property values over the last year. Data from Australian Property Monitors reveals that in the 12 months to the end of May, the top five increases in housing values occurred in the more affordable parts of the NSW capital.
Sydney has a median price of $643,713, according to APM, a Fairfax Media-owned company.
Advertisement: Story continues below
The hot spots for growth in the value of apartments were also, mostly, in the west. While top spot was won by suburbs in the Botany Bay council area in the inner south, which potentially benefited from being just down the road from Green Square, one of the largest urban renewal projects in Australia, the remaining four leading areas for price growth were west and south west of the city (although Marrickville is considered the "inner west" these days).
It is worth noting that, despite the price rises, auction clearance rates have taken a battering. This could point to slowing prices in the west of Sydney when we see updated figures from Australian Property Monitors in the next fortnight. Looking at houses, clearance rates have fallen by as much as 25 per cent in some areas.
And the same for units...
Nevertheless, in what has been a very flat market across the board for the last 12 months, many parts of western Sydney have survived very well.
更河宽没钱
M版千万不要买啊。。。前车之鉴阿
