Sydney Property Prices 2005 to 2010


Vision Direct

ai1

Sydney Property price movements are not as straight forward as some people may think.

Sydney is a very large area, with very different price movements between the three main areas, Inner Sydney, Middle Sydney and Outer Sydney.

It is quite common to read that Sydney is heading for, or has even hit the $1,000,000 median property price. But that figure would relate only to Inner Sydney.

In the last 5 years, between June 2005 and June 2010, according to RPData Sydney property prices have changed by between a rise of 11.9% per year (Wollstonecraft, North Sydney) and a drop of 5.8% per year (Killcare Heights, Gosford).

During these 5 years, in total:

  • Inner Sydney, on average, has risen by 32.5%
  • Middle Sydney, on average, has risen by 17%
  • Outer Sydney, on average, has risen by 5.5%

The following charts show the details for these areas:


These Adverts help to pay for this site - ai10.


Sydney Median House Prices 2005-2010.

    Year Greater Sydney Inner Sydney Middle Sydney Outer Sydney
    2005 $493,500 $830,000 $624,000 $402,670
    2006 $480,000 $840,000 $610,000 $386,000
    2007 $488,000 $890,000 $620,000 $385,000
    2008 $505,000 $975,000 $665,000 $389,740
    2009 $465,000 $926,000 $620,000 $380,000
    2010 $550,000 $1,100,000 $730,000 $425,000

Sydney Median Unit Prices 2005-2010.

    Year Greater Sydney Inner Sydney Middle Sydney Outer Sydney
    2005 $380,000 $453,750 $365,000 $325,000
    2006 $375,000 $446,000 $365,750 $315,000
    2007 $380,000 $465,000 $365,000 $310,000
    2008 $393,000 $491,000 $382,000 $305,775
    2009 $380,000 $480,000 $380,651 $300,000
    2010 $425,000 $540,000 $420,500 $325,000

And then, to compare with the rest of Australia, this graph shows the average annual property growth for each capital city.

The three Sydney areas are defined below:

Inner, Middle and Outer Rings of Sydney
www.planning.nsw.gov.au

Inner Ring

  • 11 LGAs within 5 kms of the Sydney CBD: Ash‹ªeld, Botany Bay, Lane Cove, Leichhardt, Marrickville, Mosman, North Sydney, Randwick, Sydney City, Waverely and Woollahra.

Middle Ring

  • 15 LGAs between 5-20 kms from the Sydney CBD: Auburn, Bankstown, Burwood, Canada Bay, Canterbury, Hunters Hill, Hurstville, Kogarah, Ku-ring-gai, Manly, Parramatta, Rockdale, Ryde, Strath‹ªeld and Willoughby.

Outer Ring

  • 17 LGAs beyond 20 km from the Sydney CBD: Blacktown, Blue Mountains, Camden, Campbelltown, Fair‹ªeld, Gosford, Hawkesbury, Holroyd, Hornsby, Liverpool, Penrith, Pittwater, Sutherland, The Hills, Warringah, Wollondilly and Wyong.

Agoda Hotel BookingsAgoda ar11
These adverts help to pay for this site - ar7.


These adverts help to pay for this site - ar7.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments