sydney's northern beaches, page-2

Dex,
Sydney has been a poor performer relative to other major cities for a decade.

I get the feeling from auction clearances that Sydney is about to lead the East Coast cities next couple of years.

I guess you are talking about a fairly pricey average on northern beaches, and this is where most prices have come off since GFC. Top end. Not sure that will continue, or has already turned late 2012.


"report released by SQM Research this week says Sydney property prices are set to continue rising this year.

Sydney Housing Boom and Bust Report – 2013/2014 predicts housing prices in the city will rise between five per cent and nine per cent this year.

The report also sees unit prices increasing between four per cent and eight per cent in the same period.

Louis Christopher, managing director of SQM Research, says the result confirms their findings from late 2012.

“Real estate prices are generally rising in the outer rings of Sydney. We have also found very recent evidence of prices rising in Sydney’s inner ring.”

The report highlights the suburbs of Bass Hill and Ermington in Sydney’s west as having the city’s tightest vacancy rates.

“These areas could potentially be suitable places to invest, as rental properties in these postcodes are high in demand.”

Christopher says, “militant councils, locked up government land, high costs of construction and high levies charged on developments,” have restricted supply.

Christopher sees this as resulting in current construction activity lower than what it was in the early 1980s. “An absolutely crazy situation, given that the population has grown by over a million since that time.”

http://www.apimagazine.com.au/api-online/news/2013/04/analysts-report-predicts-sydney-price-growth