Open_Market

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Sydney has been the best performer for property value growth,
across Australia’s state and territory capitals, increasing by 16.2%
over the financial year. The rate of growth accelerated over the
second half of the 2014-15 financial year, spurred on by interest
rates being lowered in February and May. The strong New South
Wales economy, as well as high rates of migration and significant
investor demand have also played important roles in driving growth.
Auction clearance rates have shown a subtle softening during the
winter months across Sydney, however, week to week clearances
remain above 80% indicating vendors continue to enjoy strong selling
conditions in this very hot market.
NEW SOUTH WALES
Sydney leads for price growth
Sydney’s performance over time
Sydney’s best performers
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
Jan 05Jul 05Jan 06Jul 06Jan 07Jul 07Jan 08Jul 08Jan 09Jul 09Jan 10Jul 10Jan 11Jul 11Jan 12Jul 12Jan 13Jul 13Jan 14Jul 14Jan 15Jul 15
Sydney Median Price
Houses Units Dwellings
Houses Units
Median Price $900,000 $650,000
Quarterly growth 3.40% 1.50%
12 months growth 17.80% 9.50%
5 year total growth 41.60% 30.90%
10 year total growth 71.10% 57.00%
Rank Suburb
$
Affordable
1 BUDGEWOI $344,000 105 15.30%
2 GOROKAN $357,500 247 13.20%
3 BUFF POINT $382,500 86 12.70%
$$
Mid range
1 MACMASTERS BEACH $905,000 38 28.10%
2 RIVERWOOD $913,000 80 25.40%
3 WENTWORTHVILLE $910,000 105 21.50%
$$$
Prestige
1 CABARITA $2,450,000 30 38.20%
2 ROSE BAY $2,800,000 85 23.30%
3 LONGUEVILLE $2,865,000 43 17.80%
Rank Suburb
$
Affordable
1 CARRAMAR $313,500 43 24.00%
2 CANLEY VALE $360,000 67 19.00%
3 MOUNT DRUITT $360,000 226 16.20%
$$
Mid range
1 WOOLOOWARE $657,500 44 24.30%
2 CONDELL PARK $657,500 81 23.50%
3 ALLAWAH $650,400 78 14.80%
$$$
Prestige
1 ROZELLE $1,002,500 63 22.80%
2 DOUBLE BAY $1,150,000 79 19.00%
3 LILYFIELD $1,045,000 39 16.30%
Median Price (3 months) Number sold (12 months) 12 month change in median price
Affordable = suburbs below 25th percentile Mid range = suburbs between 25th and 75th percentile Prestige = suburbs above 75th percentile
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