Union Berlin - Paderborn: Tips, Predictions
See how your suburb performed in the full Domain Property Guide 2015.
Solid growth ahead
There is really no sign of the market slowing down this year. It has rolled into 2015 on an almost unprecedented wave of confidence. The median house price increased by 14.1 per cent last year, which was just down a little bit on 2013 result of 15.1 per cent. We haven’t witnessed this type of prices growth or energy in the market since 2002-03, which was one of the strongest periods in Sydney’s history. It is definitively a boom market. I believe the market will rise 7 to 10 per cent this year with 7 per cent being a base figure and the risks certainly on the upside. A lot of the growth will continue to come from changeover buyers in the upper North Shore, north-west and the inner west.
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