Prices in the Sydney suburbs is soaring high even when the sales price in the rest of the city is going down. In the year 2017 Sydney house prices started falling.
According to survey and the property valuer Sydney says – Sydney’s southwest is the only property market where the chance of raising the house value exists. i.e in that particular region prices can go further.
As the big sales volume indicates the rise in price whereas the falling sales volume shows the prices will decrease. The Sydney property valuer adds -”The growth in sales activity is observed in the five suburbs out of 700 suburbs in the largest city of Australia, Sydney.”
The suburbs were Rosemeadow, Macquarie Fields, Tahmoor, Spring Farm, and Beaumont Hills.
The four suburbs Rosemeadow, Spring Farm, Macquarie Fields, Tahmoor are within the local government areas of Camden, Campbelltown, Wollondilly. The only exception is Beaumont Hills which is located in the northwest of the Sydney.
The Sydney property valuation revealed that – “Sydney’s southwest region was a growing and healthy market. The simple reason is increase in home buyers which demands development in the form of infrastructure projects which includes improved road and rail access and the building of Sydney airport in the Western area. Whereas the rest of Sydney Suburbs i.e Rosemeadow, Spring Farm, Macquarie Fields, and Tahmoor have shown some fluctuations in their sales.
Whereas the showing lights on the other parts of Sydney that would be more open and flexible to the falling prices and Blacktown area, Canterbury-Bankstown and the northern beaches are the places where either homes prices would remain the same or fall only marginally.
In the Parramatta area and south of the Sydney central business district, the decrease in sales volume of Suburbs increased the risk of falling prices.
They included Ermington, Harris Park, Carlingford, and the suburb of Parramatta, along with Zetland, Waterloo, and Mascot.
The Property valuer also said – “Over the past year Sydney’s median home price decreased 5.4 percent”.
Property investors, home seekers who genuinely wanted to maximise their chances of buying properties that would rise in value or potent to give them back the good returns on investment by looking for the properties outside Sydney.
Property valuers Sydney suggest to buy property in a good regional center was a winning moment. “The tempting reason behind this is there you have to pay less i.e in lower prices properties are available in regional areas than buying a property in the capital cities. Along with this buyer can get much better rental returns and capital growth, if you are buying in the right regional areas. ” Newcastle and the Hunter Region are the regional areas near Sydney.
It has been observed by the property valuer Sydney that Over the past year property prices increase around 20 percent in Newcastle and low rates property is found near the Hunter towns Maitland and Lake Macquarie, Cessnock and Singleton were likely to also record growth in prices.
Searching properties in the Sydney and Suburbs of it. Then contact Sydney property valuation services for taking the right property decision.