Home values are much higher than a year ago in a string of affordable outer suburbs of Sydney and Melbourne despite both cities leading the recent market slowdown, new figures show. | elizabethredman
In some of these neighbourhoods, the market has started to slow recently as interest rates rise.Home values are much higher than a year ago in a string of affordable outer suburbs of Sydney and Melbourne despite both cities leading the recent market slowdown, new figures show.
The Rouse Hill – McGraths Hill area topped the list for Sydney, with a 19.5 per cent rise over the year to June. He expects an adjustment period of another four to six months, with prices to fall a little further, depending on the path of interest rates.Dallas Kilponen In Melbourne, some of the neighbourhoods where prices are highest compared to last year are in the south-east. The regions of Casey south, Casey north and Cardinia are all up more than 8 per cent. Frankston is also up 6.6 per cent.
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