Sydney house prices, 2009 vs 2019 (Domain article)

In this article you can see how starkly different the East prices are compared to the West... This article also appears to show that there was also a preference for people to go North or South rather than West within the last 10 years if house price change is anything to go by. (Btw, I've got nothing against the people living in Western Sydney, many awesome hardworking, salt of the earth, humble, family orientated people live there. It is a huge area though).

The Hills council vs. Blacktown council and Inner West vs. Canterbury/Bankstown council house price differences are very visible in the article and some plausible reasons for the stark differences are given.

Generally speaking, over the 10 years affordable areas tended to remain relatively affordable, and the more expensive remained more expensive with few suburbs jumping from one side of the divide to the other.

Mapping the market: Which Sydney suburbs fall above or below the million-dollar price tag?

 

Thanks Gockie! That was such an interesting read

 

Really interesting article.

Some astute observations in there, such as the creeping definition of "inner west" into the Cantebury Bankstown area. I also thought that the Strathfield vs Greenacre neighbouring price discrepancy was interesting, though I didn't see the article give a reason for this.

On the whole, the findings are not that surprising. Ultimately the premium suburbs will always assert their value, particularly in downturns. This is why hot spotting is usually a fruitless exercise, because most times it just means simply buying cheap stock.

 

Re: Strathfield vs. Greenacre:
"....the shared border is defined by council boundaries, the Cooks River, the Hume Highway and freight rail lines."

I'd say these are very solid suburb demarcations, so if you are looking to be in Strathfield you won't look over to Greenacre as a nearby alternative.

 

Well yes true, though there are other reasons, not least of which is the absence of a train station in Greenacre.

 

True

 

Read this yesterday and doesn’t surprise me. It’s about emotions and perception. If it’s a primary residence then who cares. You live in it and you are happy to remain in the community with your family and friends. If it’s an investment property then yes you would want to buy in the blue areas because your value will grow much faster than the orange areas.