REX: Real Estate Exchange

Monitor the Australian Residential Property Market

 
 

Sydney House Prices Continue to Climb

Monday 15th March 2010

Home 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

Other News

 

Illawarra NSW Property Sales Figures

Nov 2009 - Jan 2010 (Interim Release)


* Index Price based in 2001 on Sales Data available in the 'Illawarra' Region


Click on a Suburb below to view the sales statistics for the Suburb

SuburbNr SalesMedian SaleProperty Price Index
Bargo16$431,9504.01% Insufficient Sales
Bomaderry23$235,0004.47% Insufficient Sales
Bowral35$500,00011.11% Insufficient Sales
Burradoo12$792,5003.59% Insufficient Sales
Callala Bay16$377,50011.03% $296,5591.14%
Culburra Beach12$357,5000.69% $296,5591.14%
Mittagong19$384,0002.40% Insufficient Sales
Mollymook Beach12$326,25017.20% Insufficient Sales
Moss Vale35$290,0001.05% Insufficient Sales
North Nowra20$297,5009.58% Insufficient Sales
Nowra26$212,5009.19% Insufficient Sales
Sanctuary Point38$233,0004.90% $296,5591.14%
Shoalhaven Heads11$395,00018.87% Insufficient Sales
Sussex Inlet11$300,0007.14% $296,5591.14%
Ulladulla23$340,0001.45% Insufficient Sales
Vincentia16$432,50011.76% $296,5591.14%
Worrigee19$335,0002.68% $296,5591.14%