Ryde and Sydney's inner west see property value slump rivalling Darwin

Ryde and Sydney's inner west see property value slump rivalling Darwin
Ryde and Sydney's inner west see property value slump rivalling Darwin

Ryde and the inner west were among the worst performing housing markets during the last financial year.

They were almost as bad as the seriously problematic Darwin market, CoreLogic suggest.

Nine of the ten worst performing capital city SA4 regions came from the surrounding areas of Sydney.

Click hereĀ to enlarge.

Ryde and Sydney's inner west see property value slump rivalling Darwin

"With Sydney values falling over the past year, values have been dragged lower virtually throughout the entire city," CoreLogic's Tim Lawless said.

"In fact, the Central Coast is the only region of Sydney in which values haven't fallen over the past financial year."

Ryde, down 7.4 per cent and the Inner West, down 7.2 per cent were the weakest regions. Blacktown and the Inner South West dropped 6.5 per cent and 6 per cent respectively.

The slowing in price growth was seen in the offering at 17 Arnold Street, Ryde (top) that sold earlier this month.

The offering, a single storey brick home, sold at $1,615,000, having been initially listed with $1.6 million hopes in 2015, but failing to then sell after 55 years ownership.

Tags: 
Ryde Inner West Sydney

Comments

Be the first one to comment on this article
What would you like to say about this project?