Investment opportunities in Sydney as property values soar in 2013

8.2.14Investment opportunities in Sydney as property values soar in 2013

Taking notice of the changing market can help you to secure a great investment deal in Australia, especially considering the degrees of population growth and infrastructure development set to be undertaken in the coming years.

Now could be a great time to begin looking into the Sydney real estate market, as the latest RP Data-Rismark Home Value Index has indicated the increases in property values over the duration of 2013.

This growth was fairly substantial for the nation last year, especially in Sydney. Nationwide, Australia’s property values increased by 9.8 per cent following increases during each quarter.

After rising by 2.8 and 0.2 per cent over the first and second quarters, respectively, the third quarter saw a value jump of 3.7 per cent. Furthermore, the fourth quarter also saw an increase of 2.8 per cent, which resulted in a great national result for the property market over the last 12 months.

According to RP Data’s Senior Research Analyst Cameron Kusher, the first six months of the year saw home values increase by 3 per cent. This is in contrast to the latter half of the year, where values grew by 6.6 per cent.

More specifically, Sydney’s market underwent some great growth and is showing no sign of slowing down. The New South Wales capital underwent an increase of 4.1 per cent during the September quarter, and experienced a huge 14.5 per cent growth in value over the last 12 months.

House values in the city increased by 15.2 per cent over the last year, while units underwent a growth of 11.6 per cent. With rising levels of value and no sign of slowing down, now could be the perfect time to secure property in one of the most populous capital cities in Australia.

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