Sydney Leads the Pack in Property Value Growth
Sydney led the country in property value growth during 2013, according to the RP Data – Rismark December Hedonic Home Value Index.
On a month-over-month basis, home values in Sydney increased by 0.7 per cent during December. Meanwhile, on a year-over-year basis, values rose 15.2 per cent.
"Clearly value growth has gathered momentum throughout the second half of the year," said RP Data's Cameron Kusher in a January 2 media release.
Not only are home values at record highs, but unit values have also increased in the Sydney area. The index showed that units in Sydney were up 11.6 per cent on a year-over-year basis as of December.
If you're looking to buy into an area that has high value potential, it's clear Sydney is the spot to focus on.
From Bondi to Rose Bay, the suburbs surrounding Sydney offer plenty of opportunity for families and investors alike.
If you need a mortgage broker in Sydney's eastern suburbs, contact Daniel Pym and I'll help you find the finance solution that suits your needs.