Whalan tops list of 2017 Sydney property hotspots

Whalan tops list of 2017 Sydney property hotspots
Whalan tops list of 2017 Sydney property hotspots

Whalan takes the equal top spot as Sydney's 2016/2017 hotspot for investing in houses with an expected increase of seven percent over the next 12 months.

The median price at Whalan is currently $480,000, according to APM, in their forecast developed by APM senior economist, Dr Andrew Wilson.

An example would be a four bedroom home currently on sale for between $485,000-$525,000 at 227 Luxford Rd Whalan (above), which is between $5,000 - $45,000 above the median price.

Whalan tops list of 2017 Sydney property hotspots

Similarly a four bedroom house was recently sold for $495,000 at 66 Torres Crescent (above), which is $15,000 above the median price.

The Smart Investor magazine, published by Fairfax Media, ranked Burwood as second best hotspot.

Suburb               Postcode    Median price      12 month forecast

Whalan               2770         $480,000           7%

Burwood             2134         $2,250,000        7%

North Strathfield  2137         $1,652,257        6%

South Granville    2142         $820,500           6%

Cabarita              2137         $2,632,000        5%

Sylvania Waters   2224         $1,817,500         5%

Manly                 2095         $2,715,000         5%

Telopea              2117          $1,082,500        5%

Homebush         2140          $1,931,460         4%

Pitt Town           2756          $1,070,000         3%

 

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Sydney Investar

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