REX: Real Estate Exchange
Monitor the Australian Residential Property Market
Property Investment: Is It Time to Buy?
Saturday 29th September 2012People investing in property or upgrading the family home are expected to bolster Australia’s property market into 2010.
But plenty of economists are still warning that Australians are paying the highest ever house prices relative to income.
Even finance gurus like Rich Dad, Poor Dad author Robert Kiyosaki are saying the biggest-ever real estate bubble is about to burst. So how do people know if it’s the right time to dip their toe in and buy an investment property? Read on:
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NSW Property Sales Figures
Jan 2013 - Mar 2013 (Interim Release)
Click on a Region to view sales statistics for the region
| Region | Nr Sales | Median Sale | Property Price Index | ||||
|---|---|---|---|---|---|---|---|
| Central-West | 619 | $236,000 | 4.84% |  | $248,540 | 1.06% | |
| Coffs Harbour | 195 | $320,000 | 7.45% | | $317,274 | 0.67% |  |
| Far West | 61 | $100,000 | 14.61% | | Insufficient Sales |
||
| Gosford-Wyong | 1104 | $357,000 | 0.83% | | $360,881 | 0.46% | |
| Hunter | 367 | $288,750 | 1.76% | | $308,699 | 0.03% | |
| Illawarra | 657 | $335,000 | 1.47% | | $335,434 | 1.53% | |
| Mid-North Coast | 556 | $267,250 | 0.85% | | $246,570 | 0.13% | |
| Murray | 378 | $183,700 | 4.20% | | $191,237 | 2.94% | |
| Murrumbidgee | 416 | $235,000 | 4.08% | | $224,806 | 0.95% | |
| Newcastle | 1696 | $350,000 | Steady | $351,399 | 0.11% | | |
| North | 545 | $222,000 | 3.48% | | $263,528 | 0.27% | |
| North-West | 256 | $186,468 | 6.77% | | $203,741 | 2.50% | |
| Outer South-West Sydney | 675 | $350,000 | 1.41% | | $372,419 | 0.62% | |
| Outer West Sydney | 977 | $368,008 | 0.54% | | Insufficient Sales |
||
| Port Macquarie | 263 | $340,000 | 1.45% | | $347,028 | 1.68% | |
| Richmond-Tweed | 349 | $350,000 | 7.89% | | $339,187 | 0.84% | |
| South-East | 734 | $291,250 | 2.92% | | $295,059 | 0.14% | |
| Sydney | 8009 | $555,000 | 3.48% | | $561,070 | 0.78% | |
| Tweed | 289 | $375,000 | 1.35% | | Insufficient Sales |
||
| Wollongong | 743 | $380,000 | 3.80% | | $395,928 | 0.74% | |
*Median and Index calculations based on data available as of 19/05/2013.