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Inner city house prices lead bounce-back
NSW inner city suburb prices are leading the state in market recovery following the GFC, new research from PRDnationwide has found.
According to PRDnationwide, the city metro suburbs of Glebe, Balmain, Kensington, Lane Cove, North Bondi and Bondi Junction all showed the greatest price growth in the 12 months to March 2010.
PRDnationwide managing director Jim Midgley said seven out of NSW's top ten growth suburbs were located within 7km of the Sydney CBD.
"Topping the list for best price growth was Bondi Junction in Sydney's inner east – registering an astonishing 56.8 per cent increase in median sale price," he said.
North Bondi recorded the second highest price growth, at 52.2 per cent.
Wednesday, 28 July 2010
By: Belinda Luc
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