REX: Real Estate Exchange
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
Other News
Cairns QLD Property Sales Figures
Apr 2010 - Jun 2010 (Interim Release)
* Index Price based in 1994 on Sales Data available in the 'Cairns' Region
Click on a Suburb below to view the sales statistics for the Suburb
| Suburb | Nr Sales | Median Sale | Property Price Index | ||
|---|---|---|---|---|---|
| Bentley Park | 27 | $300,000 | 3.23%  | $288,677 | 3.04% |
| Brinsmead | 20 | $406,000 | 0.98% | $286,606 | 3.32%  |
| Cairns City | 23 | $490,000 | 20.99% | $286,606 | 3.32% |
| Cairns North | 33 | $286,000 | 10.06% | $286,606 | 3.32% |
| Clifton Beach | 19 | $395,000 | 9.40% | $340,847 | 9.94% |
| Edge Hill | 18 | $360,000 | Steady | $286,606 | 3.32% |
| Edmonton | 26 | $307,500 | 9.56% | $288,677 | 3.04% |
| Gordonvale | 26 | $272,500 | 3.54% | Insufficient Sales | |
| Kewarra Beach | 26 | $383,750 | 0.32% | $340,847 | 9.94% |
| Manoora | 14 | $257,000 | 7.87% | $286,606 | 3.32% |
| Manunda | 17 | $295,000 | 1.34% | $286,606 | 3.32% |
| Mooroobool | 15 | $340,000 | Steady | $286,606 | 3.32% |
| Mount Sheridan | 42 | $342,500 | 0.72% | $292,741 | 1.21% |
| Palm Cove | 16 | $430,000 | 22.86% | $340,847 | 9.94% |
| Parramatta Park | 16 | $320,500 | Steady | $286,606 | 3.32% |