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Top 5 Sydney Hotspots 2019:
We have delayed our update of the Sydney Hotspots report this year, because the market has been awash with uncertainty. Now, with the Federal Election out of the way and the changes by APRA and the RBA in the system, we can see clear air.
We're glad we waited. July and August have recorded a growing body of evidence of recovery in Sydney markets. Clearance rates have steadily improved and the price data from multiple sources suggests the downturn has bottomed.
Our latest Top 5 Sydney Hotspots covers the best of these markets - some top end areas that have shown resilience over the past year and look set to deliver strongly as Sydney overall recovers, and some of the more affordable locations that are poised to benefit from major infrastructure projects.
We think the timing is right to dive back into the Sydney market with our latest Top 5 Hotspots report.
Top 5 NSW Regional Hotspots 2019:
Regional NSW provides a stark contrast to Sydney.
While many sectors of the Sydney market are in decline, the cities and towns of Regional NSW are delivering growth markets right across the state – whether measured by sales activity or price trends.
This is particularly evident in the price data. The vast majority of NSW Regional markets have price levels higher than 12 months ago – 85% of the locations in our survey have recorded growth in the past year.