Real Estate Snapshot for 2015 – Our areas
Click "ON" now!
With our
offices now combining over seven locations and offering a tailored approach
with state of the art systems and an IT savvy edge for the benefit of our
owners, “ON” as we know it is ready to take the Inner West and South West areas
by storm in 2015.
Joining
our team for 2015 is Antony Fung and Martin Khoury.
Dulwich Hill
Current
medium house price standing at $1,047,000, and in 2014 experienced a 15.74% property
growth, Dulwich Hill is anticipating much more growth within the apartment
sector. This will in turn effect the overall house price value and add substantial
attraction to homes as they become much more appealing to buyers.
With many
developments taking shape within the area and making Dulwich Hill a prominent area
for property owners and investors to secure, Dulwich Hill I believe will experience
continued growth within the years to come.
Summer Hill
Current
medium house price ending 2014 being $1,145,000 and during the year experience
and staggering 23.95% property growth increase, this is largely due to the
areas dynamic’s, Summer Hill has always been considered a great place to live.
Developments on Liverpool Street, Lewisham and the ‘Buckle Factory” on Smith
Street, have landmarked Summer Hill as a great Inner West playground for astute
buyers and investors.
Summer
Hill catchment zone is sort after, as buyers push to secure the property within
this “School catchment” area, creating buyer frenzy within Summer Hill and
iconic destination for families to live.
I believe
Summer Hill will continue a rapid growth climb and stabilise towards the end of
2015.
Marrickville
Current
medium house price is $905,000 year ending 2014, and Marrickville achieved a
9.37% property growth percentage. This is still above the capital average of
5%, and as we dip into 2015, Marrickville has much more growth within.
Marrickville
has yet to have provided an attractive house price amount, Paul Salsano set the
record in Holmesdale Street, Marrickville with an off market sale of a 3
bedroom terrace for $1,270,000. However, within a 6 month period the
neighbouring property was sold at Auction for $1,575,000.
I believe
Marrickville has moved further in growth within the apartment sector and we haven’t
yet seen the growth to come within the home sector as there has been limited
stock that was on the market within 2014. If my theory is correct, Marrickville
will rival Summer Hill as an iconic area to live in! Keep an eye out for Marrickville!
Canterbury
Canterbury
house sector only received a 3.7% below average on property growth; however,
Canterbury’s apartment sector with construction and escalating property prices
has seen an overall spike in growth at 5.7%, still a much low recorded price
record as much of these prices have not been published as yet, as the
developments have not yet completed.
Canterbury
would have to be on my top list for house prices, as this will influence and
push house prices. However, there are sectors of Canterbury that are viable and
that may adversely affect the purchase, therefore it is very important when
purchasing your first home to make sure that you are buying in the right area!
Ashfield
With the leading suburb
performer Ashfield with a staggering 25.29% property growth increase, Ashfield
has been the silent performer and is still continuing this trend on the development
front. Ashfield has sort after Victorian homes on large blocks of land and has
an Asian flare with a cosmopolitan feel about it!
We are marketing a
development within this area and have noticed that Ashfield is experiencing the
same response with developer interest. And we have had to change our price list
to adjust accordingly.
I believe Ashfield is on my
top list with much more growth ahead within 2015!
Written
by Paul Salsano.
Managing
Director 0433 230 000 or paul@onsideproperty.com.au
Information
above is not to be treated as a sworn valuation, in accordance to market
knowledge and general property information
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