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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.

 
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.
 
 
Sat 27 Jan '24 with Rich Harvey Home Buying in the Eastern Suburbs – A personal journey
 

 

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Property advice, market updates & more

 

Sydney sees huge growth in 2013, continued growth for 2014

December 10, 2013 / Written by Rich Harvey

 

The Australian housing market was booming due to buyer activity during 2013, according to a report from Australian Property Monitors (APM).

Data from APM shows that the national median house price is set to rise by 5 per cent at the end of 2013, spurred upward due to high demand buoyed by low interest rates and rising confidence.

This activity has especially been evident in the Sydney area.

"The Sydney housing market recorded strong levels of buyer activity through 2013 with record levels of buyer and seller activity reported during the spring home auction season," the APM report stated.

Median house prices in the region increased by over 10 per cent during the year, reaching a record-high level of more than $700,000.

The activity was felt at all levels, from the budget market to mid-prices houses.

APM also forecasted that house prices will continue to see strong growth in 2014, with prices expected to rise between 5 and 7 per cent, with most of the increases occurring during the first half of the year.

However, it is not expected that prices will rise at the same surging level experienced during 2013. The report highlighted a weakening economy that will moderate price growth.

Still, the report makes it clear that Sydney is leading the capital cities when it comes to buyer activity, making it more important than ever for prospective homeowners to do all they can to get a leg up over the competition.

Finding the right Sydney buyers agent can make all the difference in obtaining a desired property.

Click here to download your free report on “How to Select Your Buyers Agent”.

The Propertybuyer
Podcast

 
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.
 
 
Sat 27 Jan '24
with Rich Harvey
Home Buying in the Eastern Suburbs – A personal journey
 

 

Listen to many more
podcasts on our
Podcasts page.