People 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:
Click on a Suburb below to view the sales statistics for the Suburb
|Suburb||Nr Sales||Median Sale||Property Price Index|
|Neutral Bay||54||$905,000||5.23%||Insufficient Sales|
|North Balgowlah||12||$1,600,000||4.03%||Insufficient Sales|
|North Epping||8||$1,335,000||N/A||Insufficient Sales|
|North Manly||6||$1,492,500||N/A||Insufficient Sales|
|North Narrabeen||23||$1,075,000||10.04%||Insufficient Sales|
|North Parramatta||43||$662,000||Steady||Insufficient Sales|
|North Rocks||13||$980,000||4.16%||Insufficient Sales|
|North Ryde||32||$1,395,000||2.95%||Insufficient Sales|
|North Strathfield||9||$820,000||N/A||Insufficient Sales|
|North Sydney||49||$870,000||5.84%||Insufficient Sales|
|North Turramurra||13||$1,450,000||0.85%||Insufficient Sales|
|North Wahroonga||7||$1,290,000||N/A||Insufficient Sales|
|North Willoughby||13||$1,800,000||1.41%||Insufficient Sales|
*Median and Index calculations based on data available as of 23/08/2015.