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Investors Have Much to Smile About in St. George

By Louise Morrin

Property in St. George has much to offer investors in southern Sydney, according to the  RP Data – Rismark December Hedonic Home Value Index.

Data from the index shows that all capital cities posted property value growth during 2013, with Sydney leading the pack.

Not only did the New South Wales capital city post growth of 0.7 per cent during September, it experienced 14.5 per cent growth year-over-year.

"Clearly value growth has gathered momentum throughout the second half of the year," said RP Data's Cameron Kusher in a January 2 media release.

Mr Kusher went on to say that although property values increased nationwide at their highest annual level since 2009, Sydney was one of only two cities to reach record highs.

Both houses and units experienced value growth in the Sydney region during this time period, with houses posting a value increase of 15.2 per cent year-over-year and units reaching 11.6 per cent during the same time frame.

For investors considering buying real estate in St. George, these numbers would seem to indicate that doing so is a wise decision.

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