Pennant Hills-Epping region scores highest in home value growth in NSW in 10 years: CoreLogic
Regions around Sydney and Melbourne recorded the strongest growth in property values over the last 10 years, while the remaining capitals experienced comparatively moderate value increases, according to CoreLogic’s recent analysis of 10-year suburb data.
In fact, for each state and territory, the top five listed areas shows a significant slant towards capital city regions rather than regional housing markets.
In New South Wales, Pennant Hills – Epping located in the Hills District of Sydney top value growth with an increase of 126.2% over 10 years. The region also has the second highest rate of value growth across the country.
CoreLogic’s methodology is based on the best performing property markets at an SA3 level (SA3 represents a regional area serviced by major transport & commercial hub with a population of between 30,000 and 130,000 people).
The median dwelling value in Pennant Hills-Epping region was $1,719,229 as of October, according to CoreLogic.
A three-bedroom house at 45 Dunlop Street, Epping (pictured top) sold in November 2017 for $1.75 million. Previously, it transacted in December 2009 for $882,000, according to CoreLogic data.
Another house, a five bedroom property, at 108 Boundary Road, Pennant Hills, (picture above) sold for $1.45 million in November 2017. It previously sold for $550,000 in 2002, according to CoreLogic data.