There are certain things that are music to an investor's ears, whether it's a property in St George, or anywhere else. Usually what an investor likes to hear is a big number, followed by "percentage increase".
We all know the greater Sydney area has been leading the charge with home value increases, but by how much exactly?
Here's a nice and simple way to look at it: According to the Australian Bureau of Statistics, the greater Sydney area has grown an average of 15 per cent since the same time last year, for the last three quarters. When looking at the seven other capital cities, they all average less than a 10 per cent increase since the same time last year over the last three quarters. Half of the capital cities average less than 5 per cent.
With the weighted average for all eight cities hitting just over 10 per cent, it's easy for investors to see where the growth is. With your St George real estate doing two or three times better than the exact same house in another city, you know you're doing well for yourself. If you don't own a property in the area, but are considering buying a property at some point in the near future, make sure you are investing in the right spot to maximise your potential wealth gains.