Sell with Confidence
Read More

Price Growth Slows Down in Sydney Region

By Louise Morrin

Families and first home buyers looking to buy real estate in Carlton and surrounding areas might be pleased to know that price growth in the Sydney area slowed during November.

While properties in the area have seen huge surges in value due to high demand over the past few months, RP Data and Rismark reported that November's increases were subdued by comparison.

Cameron Kusher, a research analyst for RP Data, told ABC News that recent numbers could mean price growth has reached its peak in the region.

"Maybe some of that heat that we've been seeing in the market has now cooled a little bit, and we've probably passed now what would've been the peak growth conditions, particularly across the Sydney and Melbourne housing markets," Mr Kusher said.

With the price gains seen in recent months, property in the area still stands as a great investment.

However, if prices really are growing at a slower pace, it may be easier for non-investors to enter the market.

This is good news for families and first home buyers alike, as many Australians have found themselves competing with investors and high price tags in the suburbs surrounding Sydney.

Up to Date

Latest News

  • How My Bid to Save a Buck Cost Me a Property Sale

    Whether you’re buying or selling, the experts always warn that you should try and avoid becoming emotional about property. “When you’re emotional you don’t think as clearly,” they caution, “and you risk making costly mistakes.” On paper, this is a concept we can all agree with. But in practice, there … Read more

    Read Full Post