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The
Propertybuyer

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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Wed 22 Nov '23 with Rich Harvey Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23 with Rich Harvey Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23 with Rich Harvey How Sales Agents Think
 
 
Thu 15 Jun '23 with Rich Harvey Auctions – The Inside Scoop
 
 
Fri 9 Jun '23 with Rich Harvey Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23 with Amanda Jones Melbourne Property Insights
 

 

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Property advice, market updates & more

 

NSW the 'big story' in new housing report

July 17, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

If New South Wales was a student in school, it would be one of the teacher's favourites, according to the Housing Industry Association (HIA).

The HIA's bi-annual Housing Scorecard report was recently released, and it showed that based on 14 key indicators, New South Wales was among the best Australian property markets, beat out by only one state.

"Western Australia has once again topped the rankings, remaining the strongest residential building market in the country, ahead of New South Wales," HIA Chief Economist Harley Dale said.

However, WA and NSW are in a league of their own, as Mr Dale went on to say there is "daylight between the two strongest states and the rest of the pack".

And even upon taking second place, NSW remained the hot topic.

"The rapid turn of fortunes in NSW is the big story in this report. NSW is now the second strongest residential building market in the country, having been ranked number five only six months earlier," Mr Dale continued.

Much of this was attributed to a significant boost in the multi-unit sector, although the state's detached home market was also ranked as one of the strongest in the nation.

And the crown jewel in the state's big turnaround? None other than the Harbour City.

Not only has Sydney provided investors and average home buyers alike plenty of opportunity when it comes to capital gains, but as recent reports have pointed out, the city still offers relatively affordable housing options in some of the country's hottest suburbs.

But whether you're looking to invest in units in the Sydney CBD or buy a family home in the North Shore, working with an experienced buyers advocate who can assist you in finding and negotiating the purchase remains an essential part of getting things done quickly and affordably in NSW.

The Propertybuyer
Podcast

 
Wed 22 Nov '23
with Rich Harvey
Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23
with Rich Harvey
Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23
with Rich Harvey
How Sales Agents Think
 
 
Thu 15 Jun '23
with Rich Harvey
Auctions – The Inside Scoop
 
 
Fri 9 Jun '23
with Rich Harvey
Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23
with Amanda Jones
Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.