” Glenfield, 2167 has done well for property investors by showing a capital gain of 17.82% over the last year.”
(Source: Your Investment Property Magazine)
Leading property analysts are predicting Western Sydney property prices will continue their upward growth between now and 2015…and by all reports, the competition is proving exceedingly fierce.
Agents in the area are reporting competition is so fierce to get into the market, they barely have enough listings on the books, homes are selling in days and there are anywhere between 30-100 people turning up for inspections.
Local LJ Hooker real estate agent Steve Thomas explained “We’re killing each other for listings out here…A few years ago we’d usually have at least 10 properties on our books at any time. Properties sell so fast, now we’re lucky if we have three.”
RP Data’s Tim Lawless has also stated, “The rapid selling time suggests buyer demand is strong while available homes for sale are tight. A purchase decision needs to be made quickly” …adding that…… “Such a rapid rate of sale is likely to drive prices higher.”
Sydneysiders know the market competition is fierce – and Sydney real estate prices are still on the rise…. with RP Data recently reporting that over the 12 consecutive months to May this year, Sydney’s median house sale price have sat at a whopping $700,000 – the highest ever reported.
Check out the below home that just sold for $700K!!!
If you’re wanting to tap into the south-western Sydney market before the crowds rush in and markets spiral out of control – you have a limited window – click here to see our latest project.
If you wish to discuss building your portfolio and chat to an expert property strategist on what type of property suits your personal situation – Email our team here and one of my team will be in contact shortly.
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