Return over 9 years

Discussion in 'Property Market Economics' started by Rocko, 12th Jan, 2017.

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  1. Rocko

    Rocko Member

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    Could someone please tell me what the average Sydney property has increased by over the last 9 years since 2007. That is, if I had bought $1,000,000 worth of property in 2007 what would it be valued at now.

    Thanks for your feedback.
     
    Rocko, 12th Jan, 2017
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

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    Assuming you are talking about the greater metropolitan area and not just post code 2000, of what use will it be?

    The Y-man
     
    The Y-man, 12th Jan, 2017
    #2
  3. Gockie

    Gockie Life is good ☺️ Premium Member

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    One example.
    House in North West
    2008: 700k (The median of Sydney homes was around 500k give or take?)
    2016: 1.35mil (Sydney median ~1.1m)

    So you could be at 2.2mill if you bought for 1mill in 2008.

    I reckon look how houses around Parramatta performed. I think they've gone from around 450k in 2008 to about ~1 to 1.1mil now.

    Remember.... YMMV
     
    Gockie, 12th Jan, 2017
    #3
  4. Rocko

    Rocko Member

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    Thanks, Gockie.

    Can anyone tell me where I can find the average price of a Sydney house in 2007?
    And now.
     
    Rocko, 13th Jan, 2017
    #4
  5. JohnPropChat

    JohnPropChat Well-Known Member

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    All they did was just double in 10 years? Not very impressive :p
     
    JohnPropChat, 23rd Jan, 2017
    #5
  6. Gockie

    Gockie Life is good ☺️ Premium Member

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    Better than many other places.... :)
     
    Gockie, 23rd Jan, 2017
    #6
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  7. Scott No Mates

    Scott No Mates Well-Known Member

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    And much less spectacular than if you had purchased in 2010-2012.
     
    Scott No Mates, 23rd Jan, 2017
    #7
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