Sydney to lead capital cities for growth in house prices
While Sydney still leads the nation as the most expensive housing market, it is also widely predicted to lead the capital cities in house price growth in coming years.After an unprecedented housing boom, most of Sydney has seen very little movement in house prices for around 8 years. Over this period the average wage has increased along with strong growth in rents. So first home buyers and investors are returning to the market. With high population growth and very little stock being built, there is now upward pressure on house prices.
One of the most desired locations in the western suburbs is Glenmore Park. EFS has some quality house and land packages starting from $474,00 in an attractive and well located Stockland estate called Glenmore Ridge.
While Sydney house prices may not boom like some regional Australian cities, being the nation’s largest city it represents a very safe and stable investment option. If you have clients who live in Sydney’s western suburbs they are likely to feel very comfortable investing in their own backyard. Especially in the attractive surrounds of Glenmore Park
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