What could cause a 56.5% increase in the median housing price in a suburb in one year?
Although for most sellers in Sydney now is a rosey time to have your property on the market it appears that some vendors in Sydney’s Eastern, Northern Beaches and North Shore suburbs may be over reaching on price.
A house similar to the dilapidated old shack pictured will set you back $2.46 million in the suburb of Merryland (that’s what someone paid for a similar house in June 2015)
Property in Dulwich Hill appears to be on the rise since the light rail linked the inner west surburb to Sydney’s CBD in early April 2015.
Ageing apartments in suburbs around Sydney, particularly in the eastern suburbs, lower north shore and southern beach suburbs, should be knocked down to make way for more modern replacements.
Saturday the 8th of August was destined to be a record smashing day with 848 auctions scheduled across the city.
As the many Sydney Auctions haven’t been faring well, North Shore property sales have boomed in February with multi-million dollar homes sold under the hammer in front of packed crowds.