Darlinghurst, the cosmopolitan enclave in Inner Sydney, is the top performer amongst Sydney suburbs for 2012. For 53 properties sold in the year gone by, Darlinghurst picked up a median price of $1.057 million. This complimented with a 21.2% increase in the house prices, is certainly a news to cheer, says Glenn Dwyer in an article written for the Property Observer.
This is actually a super performance considering that the Inner city Sydney market has not shown any growth in 2012. A few sales worth noting:
- A four-bedroom terrace on Surrey Street sold for $1.59 million
- A five-bedroom Darlinghurst terrace on Liverpool sold for $2.275 million
- A four-bedroom house on Palmer Street sold for $1.275 million
Situated only 3.2 kilometers away from the CBD, it allows residents to experiment with a café lifestyle. This along with the powerful culture of the place is the major reason why Darlinghurst is doing so well.
On the heels of Darlinghurst comes Woodcroft and West Pennant Hill. In terms of percentage increase in prices, North Curl Curl is at number seven. However, it has done better than Darlinghurst in terms of median Price (and has produced 17 sales more than Darlinghurst)