Lower north shore prices revived slightly in March: Residex

Tuesday 08 May 2012

The lower north shore enjoyed a slight price revival during the March quarter, according Residex, being the strong Sydney precinct. Houses prices rose on the lower north shore by 3.79% during the first quarter of 2012 to a $1,424,500 median value. Most of the growth came during the month of March.

The next strongest precinct was Campbelltown – up 2.74% to a $361,000 median in the March quarter.

But the strongest performer over the year – amid the six precinct with positive annual growth – was Liverpool/Fairfield,  with annual price growth of 3.13% to a $459,500 median. Canterbury-Bankstown was the next strongest annual performer, up 2.44% to a $583,000 median value.

Inner Sydney was narrowly pipped by southern Sydney when it came to the strongest 10-year growth, with the souther suburbs averaging 6.59% annual growth to its $354,000 median value, narrowly eclipsing inner Sydney's 6.15% rose to a $903,500 median value.

 

Read more here http://www.propertyobserver.com.au/residential/lower-north-shore-prices-revived-slightly-in-march-residex/2012050654569?utm_source=Property+Observer+List&utm_campaign=329507eec8-May_7_20124_10_2012&utm_medium=email

- Jonathan Chancellor, Property Observer