Market Update

According to Residex figures as at 30th July 2014 Sydney unit market increased 13.30% in growth in unit values. The median value of a unit was $568,500.  Apparently this reflects an increase in value of $67,000. But don’t get too excited. Residex predicts despite high growths last year housing market is cooling particularly in Sydney and Melbourne (where the highest growth rates have been achieved). Standout suburbs were Plumpton and Minto achieving capital growth of 30.1% and 20.68% respectively last year. More to report soon.