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Sydney's walkability earns home buyers' attention

Sydney's walkability is likely to be another factor attracting consumers to its property market.

The ease with which people can walk to their destination in Sydney is becoming another element attracting home buyers to the city.

In an article for Property Observer, it was revealed that the US-made Walk Score now features on 30,000 websites. This is an increase of 50 per cent since April this year.

Additionally, it was also revealed that Sydney is considered to be the most walkable city in Australia, having achieved a Walk Score of 63.

Consumer confidence in housing has been high over the course of 2013 and Sydney's property market has been leading the trend.

Over the September quarter, the Australian Bureau of Statistics (ABS) revealed that house prices in Sydney grew by 3.6 per cent, which would add to its reputation for being Australia's most expensive city.

Additionally, its weekend auctions have proved highly popular. Over recent weeks, Australian Property Monitors have generally recorded clearance rates in excess of 80 per cent.

Posted by Steve Douglas

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