While Sydney continues to top property growth and sales lists, we show you where you can still manage to buy below the advertised price, and where you can expect to pay more!
I’ve been watching Sydney property sales in a few suburbs lately and I’ve been frustrated to find that properties are frequently selling above, and sometimes well above, the listed price. To find out how widespread this is, Aussie partnered with RP Data to create the Property Discounting Report and reveal where homes are selling for more or less than the advertised prices and how quickly.
Results, unsurprisingly, showed that over the 12 months to July 2014, Sydney was the stand-out for capital growth at a whopping 14.8%. Homes in Sydney are also selling a lot quicker with the average number of days on market falling from 41 days in June 2013 to just 30 days in June 2014. (Tweet this!)
Two thirds of apartments and almost two thirds of houses in Sydney sold over the advertised price, more than any other capital city. Here we show you the top 10 suburbs selling above and below the advertised price, so you know what to expect.
Top Ten Suburbs Selling Above List Price – Houses
Top Ten Suburbs Selling Above List Price – Units
Top Ten Suburbs Selling Below List Price – Houses
Top Ten Suburbs Selling Below List Price – Units
Want more information? Download the full Property Discounting Report for free.
Are you looking to buy in Sydney? What suburb/s do you have your eye on?
Find out which suburbs are selling above or below the advertised price in Adelaide, Canberra, Darwin, Melbourne, Hobart, Brisbane, and Perth. And check out our Australian Property Pricing Report Infographic.
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