Welcome to House Search News for June 2008
SYDNEY’S BEST SUBURBS!!
The inaugural edition of the “Sydney Morning Herald Good Suburbs Guide” recently reviewed 641 Sydney suburbs, with some surprising results. See entire article link below for more details; Northwest residents will be pleasantly surprised to note that Baulkham Hills and Castle Hill were top picks in the BEST FAMILY category, with Northmead a winner in the BEST VALUE category. Bronte, a beachside Eastern suburb, was voted the overall winner. Not affordable for all, however, with a current median house price of $1,785,000.
NSW investors will be pleased to see the demise of loan stamp duty at the end of this financial year, as the duty gets officially axed July 1 2008. Though a relatively small saving, it’s a step forward in the right direction for encouraging investment in NSW.
Hope this finds all our Australian readers enjoying the delights (and rain!) of our current winter- an opportune time to look for property, when the competition is at home warming themselves in front of the fire!
House Search Australia
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Market Update – Sydney Property News
Whilst the petrol crisis continues, the importance of location and proximity to public transport becomes vital for many homeowners and investors here in Sydney. Those away from major train and bus routes suffer most, as the increasing travel costs eat into household incomes, placing strain on both mortgages and rents alike.
Though we have been insulated somewhat from the sharpest fuel increases, due to the strength of our dollar, the issue is still real and unlikely to improve anytime soon.
Property hunters likely to use public transport need to ensure “walking distance” on real estate ads mean just that! Also look out for new and improved bus services such as T-Way and upgraded dedicated bus lanes along the major roadways into the CBD.
On a lighter note, check out the results of the recent SMH Good Suburbs Guide here. More detail can be found in the book, available at bookstores or online www.smhshop.com.au
Sydney really is a wealth of diversity when it comes to our suburbs, from beachside to semi-rural, there’s somewhere for everyone!
FREE AUSTRALIAN PROPERTY INVESTORS SITE
Enabling investors to make more prudent property investment decisions, the PIAA (Property Investors Association of Australia) site is jam packed full of news, information, articles and resources as well as market reports and guides on the current state of property markets in Australia.
It’s free to subscribe, so take advantage of another free resource, expand your property knowledge and join up today.
Suburb Spotlight – Pymble
A well established leafy suburb of Sydney’s upper North Shore, Pymble is made up largely of older homes on large residential blocks and has the benefit of rail access.
Some facts about Pymble:
- Approx size 7km sq
- Population just under 10,000
- Predominantly families in the area
- Over 87% owner occupied housing
- Current median house price $1,175, 000
- 21km from Sydney CBD