Just 440 properties with sub-$300,000 prices across Sydney: CoreLogic RP Data

Just 440 properties with sub-$300,000 prices across Sydney: CoreLogic RP Data
Jonathan ChancellorDecember 7, 2020

Just 440 of a survey 9,300 properties currently advertised with price indications around Sydney come with prices below $300,000.

The CoreLogic RP Data survey shows 168 houses at $299,000 or under and 271 units at $299,000 or under.

Finding them on the websites realestateview.com.au, realestate.com.au and domain.com.au is like a needle in the haystack.

There are certainly plenty in the regions and a few retirement home rooms on Sydney's outskirts.

There was 11B Mangariva Avenue Lethbridge Park with price guide over $289,950, but that's gone under contract. Ditto 11/174 Lindesay Street, Campbelltown and 20D/541 Pembroke Road, Leumeah.

Offers are being sought above $295,000 for 235/2 City View Road, Pennant Hills.

At weekend auction, there was a $345,000 Gorokan sale outside of Sydney on the Central Coast, but the cheapest within Sydney was a three bedroom house snapped up pre-auction for $396,000 at Camden (pictured above) through One Agency Stuart Davies.

There are around 1,200 houses and 1,200 units available in the $300,000 to $499,000 price bracket.

There are around 19,000 properties currently available for sale, with the survey covering the 9,300 declaring prices or price ranges.

The busiest Sydney price bracket is between $500,000 and $699,000 with some 1,489 houses and 1,290 units for sale.

CoreLogic puts the median at $750,000 for Sydney houses and $580,000 for units.

In the price bracket $700,000 to $999,000, there are 1263 houses and 657 units for sale.

Above $1 million, CoreLogic puts the offerings at 1289 houses and $375 units.

The general time on market is 46 days.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
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