Where are the best 10 Suburbs of NSW property marktet in previous 12 Months
Where are the best 10 Suburbs of NSW property marktet in previous 12 Months
Affected by the central bank's interest rate adjustment policy and other factors, the average house price in Australia's capital cities represented by Sydney has begun to decline since the beginning of this year, and the decline in some areas has even exceeded 10%. The media is pessimistic, causing a large number of investors who are ready to enter the market to wait and see.
Recently, DOMAIN, one of Australia's largest authoritative real estate websites, announced the 10 areas with the largest and least ideal house price increases for villas and apartments in New South Wales from July 2021 to August 2022.
Judging from the two charts with the largest gains published, these areas have maintained growth of 40%-64% despite the growth boom in 2021 and the property winter at the beginning of this year.
The 20 areas announced have shown a growth trend against the current to varying degrees, which also shows the strong anti-risk and anti-fall properties of these areas, providing a very ideal investment choice for buyers who are holding currency on the sidelines.
From July 2021 to August 2022, among the 10 fastest-growing areas in the villa market, 4 areas are from the Central Coast area north of Sydney (shown in the red box above), and the performance is extremely eye-catching, among which are located on the Central Coast. Erina in Gosford, a regional town, was number one.
Part of the reason is that local residents living in and around Sydney are looking for a quiet and comfortable life close to the sea, and the current urban and surrounding area house prices are stable, so they sell their current properties and move to the more comfortable, convenient and mature Central Coast area. villa.
The reason why Erina and the Central Coast region can perform so strongly when the real estate market is cold can be found in our previous article "Dream House with 20,000 square meters of land for $7X million, are you interested? "Find the answer, and there are still a few high-quality land for sale.
At the same time, the southwest region of Sydney also performed well. Camden and Austrual achieved the second and sixth highest growth respectively. A typical example is Austral, which is close to Sydney's new airport. It is a priority development area for the new airport and an important part of Sydney's intelligent transportation FAST. Hub, Austrual has maintained its momentum even after the NSW real estate market has experienced a turn "Where is the House" to find the answer, a new phase of land is on sale.
Top 10 Weakest House Areas
Next, let's take a look at the ten areas with the worst performance of villas over the same period. According to the data provided by DOMAIN, the top two largest decliners are Sylvania (-10.3%), a luxury residential area in southern Sydney, and Cremorne (-8.9%), a luxury residential area on the north shore, but it should be noted that even as the two largest decliners The median price of these two areas still reached $2,600,000 and $2,850,000, which is still firmly at the high-end real estate level in the market.
While villas in other unsatisfactory areas experienced last year's increase, after subtracting this year's decline, their total price still reached a total increase of 3.8%-6.9%. It can be seen from this that the impact of land villas is relatively small in the face of the ups and downs of the market cycle.
Top 10 apartment growth areas
In terms of apartments, from July 2021 to August 2022, the areas with the best growth against the trend are very concentrated in the areas surrounding the Sydney city center with the highest rent increases (Darling Point, Forest Lodge, Woollahra, Kiribilli), and the North Beach area (New Port, Queenscliff, Avalon Beach) traditional wealthy areas.
But The Entrance and Terrigal, which are also in the heart of the Central Coast, stand out in this poll, occupying the fifth and ninth positions respectively, making the Central Coast apartment market also shine. Finally, the popularity of villas and apartments has made the Central Coast's anti-risk ability and value-added ability once again consolidated and verified.
In the northwest, Norwest on the Sydney Metro Northwest Line is also a newcomer in the apartment market, successfully making it to the top 10. And why Sydney's northwest region can have such a good performance, our previous article "Introduction to the Star Land Villa Area in the Greater Northwest of Sydney" finds the answer.
The 10 Worst-Performing Apartment
On the other hand, among the ten areas with the least satisfactory performance of apartments in the same period, Eastwood, the most well-known Chinese town, was on the list, mainly because the Chinese people were highly sought after, which led to excessive growth in housing prices, and with the increase in interest rates this year, the pressure on homeowners Too big and sell.
However, as Australia announced the end of the epidemic on October 14, as well as the recovery of China-Australia air routes and the improvement of Sino-Australian relations, the full return of Eastwood's Chinese residents and international students is just around the corner. Is it a good time to buy Eastwood apartments? It is worth pondering for investment buyers.
After the introduction of the above article, I believe that you have a clear understanding of the areas with the strongest anti-risk and resilience in NSW. Through the verification of data and actual cases, it can be seen that the Central Coast, the southwest and northwest of Sydney and other emerging areas , will become a long-term holding area, reduce risks, resist cyclical fluctuations, and obtain stable appreciation and rental returns. If you need more project information, please pick up the phone and make an appointment with us for inspection!
