REX: Real Estate Exchange
Monitor the Australian Residential Property Market
Sydney House Prices Continue to Climb
Thursday 11th March 2010Sydney’s house prices have defied even bullish forecasts to post strong gains at the start of 2010, led by the Eastern Suburbs, Inner West and Lower North Shore, with many predicting the momentum will flow through to the rest of the year and into 2011. Buyers are being urged to enter the market now before prices move further away from them.
“What were considered bullish forecasts of ours six months ago have turned out to be on the light side,” said Harley Dale, chief economist at the Housing Industry Association (HIA). “Things are going even more strongly than we have forecast. On both fronts (activity and prices) it’s clear that, yes, we are in the midst of a housing recovery in Sydney.”
According to REX data, Sydney’s median house price rose 5.63 per cent to $525,000 in the past rolling quarter, while the Property Price Index, which factors in repeat sales, rose 3.92 per cent to $523,496 . It has outstripped gains in other NSW cities, including Wollongong where median prices were up 3.7 per cent to $362,950 and Newcastle where prices gained 1.54 per cent to $330,000. Sydney has also outperformed other capitals such as Brisbane where median prices rose 1.32 per cent. [More]
Tags: Confidence, Demand, House Prices, Investor, Price, Sydney
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Newcastle NSW Property Sales Figures
Nov 2009 - Jan 2010 (Interim Release)
* Index Price based in 2000 on Sales Data available in the 'Newcastle' Region
Click on a Suburb below to view the sales statistics for the Suburb
| Suburb | Nr Sales | Median Sale | Property Price Index | ||
|---|---|---|---|---|---|
| Aberglasslyn | 14 | $377,500 | 7.86%  | $264,881 | 0.74%  |
| Adamstown | 27 | $439,000 | 35.08% | Insufficient Sales | |
| Adamstown Heights | 11 | $437,500 | 2.94% | Insufficient Sales | |
| Anna Bay | 12 | $417,500 | 12.01% | Insufficient Sales | |
| Ashtonfield | 12 | $386,500 | 1.71% | Insufficient Sales | |
| Belmont | 12 | $512,500 | 59.66% | Insufficient Sales | |
| Belmont North | 14 | $350,000 | 21.95% | Insufficient Sales | |
| Bolwarra Heights | 14 | $440,000 | 11.82% | $264,881 | 0.74% |
| Bonnells Bay | 11 | $310,000 | 9.22% | Insufficient Sales | |
| Cameron Park | 21 | $390,000 | 128.40% | Insufficient Sales | |
| Cardiff | 18 | $323,750 | 7.93% | Insufficient Sales | |
| Carrington | 12 | $401,225 | 19.06% | Insufficient Sales | |
| Cessnock | 30 | $196,000 | 10.91% | Insufficient Sales | |
| Charlestown | 31 | $380,000 | 0.26% | Insufficient Sales | |
| Cooks Hill | 20 | $507,500 | 24.85% | Insufficient Sales | |
| Cooranbong | 13 | $290,000 | Steady | Insufficient Sales | |
| Corlette | 27 | $390,000 | 4.29% | Insufficient Sales | |