FIND YOUR LOCAL BUYERS' ADVOCATE:
    TALKS & PODCAST           CALL US CALL US
1300 655 615
 
 

The
Propertybuyer

Podcast

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

 
Fri 24 May '24 with Rich Harvey Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Sydney leads in price gains during June quarter

July 25, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Even with a recent slowdown in price growth, there's no denying that capital cities across the country continue to experience upward momentum.

According to Australian Property Monitors (APM), the national median house price increased 1.9 per cent over the June quarter. Meanwhile, units saw a 2.5 per cent growth over the same time period.

Sydney was the top market when it came to price growth. Median house prices in the Harbour City increased 3.1 per cent over the June quarter. Units saw even further growth, rising 3.9 per cent.

"December 2013 was the high watermark for Sydney's current growth cycle, however, the market continues to perform," APM Senior Economist Dr Andrew Wilson said.

"Sydney's median house price has smashed through the $800,000 barrier to a new record high. Over the 2014 financial year, the Sydney median house price increased by 17 per cent or just under $118,000."

At the same time, Dr Wilson pointed out that while cities like Sydney, Melbourne and Perth have been leading the market in price growth, annual results aren't likely to be what they were in 2013. Meanwhile, cities that were previously straggling when it came to value growth are now gearing up to take charge. 

"Brisbane, Adelaide and Hobart are seeing confidence return to their local markets and are set to record stronger house price growth in 2014 compared to 2013," Dr Wilson said.

Still, even with significant price growth, Sydney has much to offer home buyers who know where to look. With the help of an experienced buyers agent, house hunters in Sydney can call a residence in one of the city's hottest suburbs home for a reasonable price.

Even studio and one-bedroom units in hotspots like Surry Hills and Potts Point can be found for under $500,000, according to a recent report from Herron Todd White.

The key is having the right buyers advocate in your corner - a professional who can help you find these listings and negotiate on your behalf.

The Propertybuyer
Podcast

 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.