Inner West Sydney home buyers seek real estate value
In a recent news article by Domain.com.au on Sydneys Inner West real estate climate, Dr. Andrew Wilson, Domain Group’s chief economist has predicted that price increases will reach about 10 percent in the coming year. He says home buyers are likely to seek out more affordable options and better value.
To quote Dr. Wilson, “We are seeing the emergence of some real prestige suburbs such as Balmain East and Strathfield, which are bringing quite significant prices.” The Domain Group figures on that data show Strathfield homes with a median price of $1,720,000 up from $1,470,000 from one year ago, which equates to a 17 per cent rise. Balmain East homes have a current median price of $1,965,000, a growth of about 7.4 per cent from last year’s numbers.
Where is the most rapid increase in Sydney’s Inner West?
According to Domain.com.au, the only thing home prices are going to do is go up from where they are now. It’s important to note that some areas are experiencing more rapid growth than other areas. For instance, last year the best performing suburbs encompassed Canada Bay, Homebush, and Cabarita. The worst performers included North Strathfield. This year shows signs of higher home prices and a better overall real estate market in the inner west areas and beyond according to the expert economists and real estate professionals.
Ensure a smooth real estate buying experience
This will come down to working with experienced and reliable professionals in the Inner West Sydney area that can help take away the stress of buying, selling and moving. These may include:
Inner West Sydney Real estate agents and Property Buyers
Local real estate sales agents and buyers agents have the knowledge, training, and experience to help you locate your ideal property and/or home or sell your existing home at top market prices.
Inner West Sydney Mortgage brokers
If you are like most people, you don’t have hundreds of thousands of dollars tucked away for buying a home. That means you need the services of mortgage brokers who will assist you in finding the perfect mortgage product on the market.
Inner West Sydney Building and pest inspection services
Independent building and pest inspections are well worth the investment of between $400 and $600 to have the peace of mind of knowing there are no major structural building issues with the property you may be thinking of buying.
Inner West Sydney Accountants and Financial Planners
Talk to an accountant, or financial planner, to find out how you can get the most for your money and manage your budget. These professionals can help you save for a new home, or with getting you a credit worth ready for financing.
Need help with other local businesses in Sydney’s Inner West?
Whether you are buying, selling, simply maintaining your existing home or refinancing, our Tradebusters Connect Inner West Sydney free local directory service can help connect you with trusted local businesses. Meet our pick of the Top 3 local businesses near you today.
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