Mortgage-belt markets such as outer-Western Sydney, Blacktown and the central coast have seen house values increase by less than 9 per cent, whereas values in the lower north shore, inner Sydney and the eastern suburbs have recorded capital gains of more than 20 per cent over the past year. Tim Lawless, research director, of RP Data, said in the Sun-Herald the release of housing finance data from the ABS this month had driven the divide even further in Sydney’s two-tier market.
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