Monday, 2 May 2011

Region. Rising median house prices

Western Sydney outperformed the rest of Sydney with nine of the top 10 suburbs in the latest Residex survey, posting the highest median house price jumps. “The most obvious example is Westmead, which has seen, in just five years, home values increase by $180,000," said Residex CEO, John Edwards. Last year, house prices in Westmead rose just over 20 per cent. Of the suburbs forecast to rise by more than 35 per cent over the next five years, most are in the west and south-west, particularly around Campbelltown and Liverpool. John Symond, executive chairman of Aussie Home Loans, said in the Sunday Telegraph that “areas such as Parramatta are growing quickly and attracting a larger population who need housing

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