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Sydney's walkability earns home...

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

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.

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