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Sydney’s Property Boom Far From Over

Sydney real estateIn an article for the website Your Investment Property, Miriam Bell says that the property boom in Australia is far from over. Sydney’s property market has shot up by 2.3% over the March quarter. The prices for detached dwellings rose by 16.6% and apartments rose by 13.7 in a year-to-date analysis.

The prices witnessed the largest hike in annual terms measured since June 2010 quarter. Melbourne is close on the heels of Sydney and has recorded a growth of 2.1% which is 2/3rd greater than Hobart’s ¼% growth.

Canberra and Perth are not responsive as yet and while the latter is giving an impression of slowing down, the former is in near tatters.

You can read the original article here.

Do you think Perth can reach a demand level of Sydney any time in future?