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Monitor the Australian Residential Property Market
Sydney House Prices Continue to Climb
Monday 15th March 2010Home buyers are being urged to enter the Sydney market now with prices expected to surge further in the remainder of the year after better-than-expected gains at the start of the 2010 driven by explosive rises in the Inner West, Eastern Suburbs and Lower North Shore.
Henry Wilkinson, principal of Sydney-based buyers agent and property consultant Homesearch Solutions, says people should be buying now, rather than waiting. “We’re advising our clients to buy early this year rather than later,” he said. “We’re just seeing no sign of any change – unless there’s some world economic difficulty that comes from left of field. If fundamentals stay the way they are we’re expecting a very strong year in growth of greater than 10 per cent.” [More]
Tags: Confidence, Demand, House Prices, Investor, Price, Sydney
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NSW Property Sales Figures
Apr 2010 - Jun 2010 (Interim Release)
Click on a Region to view sales statistics for the region
| Region | Nr Sales | Median Sale | Property Price Index | ||||
|---|---|---|---|---|---|---|---|
| Central-West | 832 | $230,000 | 2.22% |  | $223,566 | 1.45% | |
| Coffs Harbour | 305 | $325,000 | 1.52% |  | $316,581 | 0.02% | |
| Far West | 48 | $100,000 | Steady | Insufficient Sales | |||
| Gosford-Wyong | 1451 | $345,000 | 0.86% | | $352,782 | 2.07% | |
| Hunter | 472 | $296,000 | 4.52% | | $275,203 | 3.34% | |
| Illawarra | 833 | $320,000 | 1.39% | | $323,615 | 0.80% | |
| Mid-North Coast | 701 | $272,500 | Steady | $253,661 | 1.73% | | |
| Murray | 423 | $199,000 | 0.50% | | $198,620 | 3.53% | |
| Murrumbidgee | 551 | $210,000 | 0.94% | | $232,324 | 4.25% | |
| Newcastle | 2348 | $330,000 | 2.08% | | $328,665 | 2.00% | |
| North | 667 | $215,000 | 1.42% | | $265,311 | 2.99% | |
| North-West | 320 | $175,000 | 0.85% | | $185,634 | 4.49% | |
| Outer South-West Sydney | 845 | $335,000 | Steady | Insufficient Sales | |||
| Outer West Sydney | 1250 | $355,750 | 0.21% | | Insufficient Sales | ||
| Port Macquarie | 399 | $343,000 | 0.88% | | $347,341 | 3.15% | |
| Richmond-Tweed | 556 | $375,000 | 1.32% | | $365,180 | 0.50% | |
| South-East | 1085 | $270,000 | 3.57% | | $281,043 | 1.49% | |
| Sydney | 13446 | $542,000 | 1.64% | | $538,671 | 2.10% | |
| Tweed | 390 | $416,000 | 1.46% | | $401,895 | 3.34% | |
| Wollongong | 1037 | $382,000 | 0.95% | | $365,452 | 0.79% | |