According to a new report from RP Data, there are still bargains to be had in Sydney. The report shows that Sydney had the greatest proportion of total property sales priced below the determined level of borrowing power.
Approximately 22% of all Sydney house sales were priced below $350,444, although most of these were situated in the outer rims of the CBD, followed by Canberra properties, which had 15.3% of house sales below $301,556.
Perth was the most difficult place to find affordable housing, which only recorded 11.8% of sales under $324,444.
Cameron Kusher, research analyst says “these results show just how important it is for buyers to do their homework. It can be very valuable for buyers to actually dig a little deeper into data.”
“For an average income earner looking to buy property, more than ever, location is becoming the most important attribute. The best prospects for growth in property value and the most desirable locations in which to live are those suburbs which enjoy close proximity to public transport, retail and social amenity, schools, working nodes, health care, public open spaces and major roads,” he said.
Approximately 22% of all Sydney house sales were priced below $350,444, although most of these were situated in the outer rims of the CBD, followed by Canberra properties, which had 15.3% of house sales below $301,556.
Perth was the most difficult place to find affordable housing, which only recorded 11.8% of sales under $324,444.
Cameron Kusher, research analyst says “these results show just how important it is for buyers to do their homework. It can be very valuable for buyers to actually dig a little deeper into data.”
“For an average income earner looking to buy property, more than ever, location is becoming the most important attribute. The best prospects for growth in property value and the most desirable locations in which to live are those suburbs which enjoy close proximity to public transport, retail and social amenity, schools, working nodes, health care, public open spaces and major roads,” he said.
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