Friday, 22 July 2011

Region. Property values increase

Sydney's western suburbs have emerged as the powerhouse areas of the harbour city for increases in property values over the last year. Data from Australian Property Monitors reveals that in the 12 months to the end of May, the top five increases in median housing values occurred in the more affordable parts of the NSW capital: Auburn, $580,000, up 10.5 per cent; Parramatta, $522,000, 8.7 per cent; Fairfield, $434,000, 8.5 per cent; Canterbury, $650,000, 5.8 per cent; and Bankstown, $515,888, 5.3 per cent.

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