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Investor Surge in Sydney – Market Update APM
August 20, 2007
3:52:58 PM (2386 Reads)
The latest Australian Property Market update June 2007 shows that inner suburbs in cities are booming and that Investors are returning to Sydney. Whilst house price growth remained stable in Sydney units grew by 2.2%. Inner suburbs of Melbourne (Port Melbourne, Malvern and St Kilda) surged 10.7% for the quarter and Brisbane (Balmoral, Hawthorne and Kangaroo Point) 15.4% for the quarter.
The latest Australian Property Market update June 2007 shows that inner suburbs in cities are booming and that Investors are returning to Sydney. Whilst house price growth remained stable in Sydney units grew by 2.2%. Inner suburbs of Melbourne (Port Melbourne, Malvern and St Kilda) surged 10.7% for the quarter and Brisbane (Balmoral, Hawthorne and Kangaroo Point) 15.4% for the quarter.
The ripple effect will follow through to outer lying suburbs as the market continues to show growth in the light of interest rate rises.
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