Lower north shore prices revived slightly in March: Residex

Lower north shore prices revived slightly in March: Residex
Lower north shore prices revived slightly in March: Residex

The lower north shore enjoyed a slight price revival during the March quarter, according Residex, being the strong Sydney precinct. Houses prices rose on the lower north shore by 3.79% during the first quarter of 2012 to a $1,424,500 median value. Most of the growth came during the month of March.

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The next strongest precinct was Campbelltown – up 2.74% to a $361,000 median in the March quarter.

But the strongest performer over the year – amid the six precinct with positive annual growth – was Liverpool/Fairfield, with annual price growth of 3.13% to a $459,500 median. Canterbury-Bankstown was the next strongest annual performer, up 2.44% to a $583,000 median value.

Inner Sydney was narrowly pipped by the southern outskirts of Sydney when it came to the strongest 10-year growth, with the southern localities - postcodes 2571 to 2639 - averaging 6.59% annual growth to its $354,000 median value, narrowly eclipsing inner Sydney's 6.15% rose to a $903,500 median value.

Photograph by Emmett Anderson, courtesy of Flickr.

 

 

 


Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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