Global Power | Local Knowledge | Uniquely Personal
中文

Sydney suburbs popularity to ri...

Sydney suburbs popularity to rise

Sydney suburbs popularity to rise

A veteran property expert has predicted the suburbs of Sydney will continue to be a popular place to buy homes in 2014.

Mr Ryder explained that investors were responsible for shaping capital city markets this year, with multi-million-dollar properties becoming increasingly common.

Speaking to news.com.au, he stated that the upper end of the market in capital cities has been a popular choice for buyers in the last 12 months.

Mr Ryder said: "I think you will see less of that and smarter buying spread across more affordable middle-ring suburbs."

He was commenting after data showed property prices in Sydney, Perth and Melbourne have been rising strongly in the last year.

Figures revealed that Australia's combined capital city home values were up by 8.3 per cent.

Five Dock, Leichhardt, Haberfield and Drummoyne are among the most popular suburbs in Sydney for buyers and properties in these parts of the city have been snapped up quickly at auction in recent weeks.

Posted by Ravin Chatlani

All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

Subscribe Now