Apartment for Sale in Sydney Other , Australia Apartment for Sale Apartment for sale in Burwood
Country : Australia
Property Location: Sydney Other
Zipcode: na
Address: Apartment for sale in Burwood
Property Description:
Apartment for sale in Burwood , All rooms have BIR. Open plan living, Lounge & Family room. Inground Concrete Swimming Pool, Patio. , 2 primary schools and 2 doctors senior high school around the corner , modern bedrooms and bathrooms
Revealed: Australia's most expensive suburbs | thetelegraph.com.au
FIRST-HOME buyers on modest incomes should probably rule out Point Piper when choosing a suburb to start their Australian dream.
The Sydney eastern suburbs neighbourhood was the priciest in Australia in 2011 with a median house price of $5,210,000, property analysts' figures show.
Point Piper's median price was almost $1 million higher than the next-highest listed suburb, Sydney's Tamarama, RP Data research shows.
Seven of the top 10 most expensive suburbs in Australia last year were in Sydney, with two in Melbourne and one in Perth.
The tiny new east Melbourne suburb of Deepdene - which was part of Balwyn until 2010 - trumped Toorak as the most expensive Victorian suburb, with a median house price of $2,495,000 for the 15 homes sold there.
The Perth suburb of Dalkeith claimed ninth place on the list, with its 57 sales garnering a median price of $2,375,000.
Queensland, South Australia, the Northern Territory, Tasmania and the ACT all missed the cut.
RP Data research analyst Cameron Kusher said the total number of Australian suburbs with a median house price of $1 million or more fell from 225 to 194 - a 14 per cent drop - from 2010 to 2011, reflecting a weak performance across the housing market.
Mr Kusher said the unstable global economy meant consumers were acting cautiously and increasingly opting to save and pay off existing debt rather than spending.
Property values fell, fewer sales took place and demand for upmarket housing was particularly weak as a result, and this was unlikely to change in 2012, Mr Kusher said.
"For the coming 12 months, we are not expecting a substantial improvement in the premium housing market and subsequently it appears unlikely that there will be a significant change in the number of suburbs with a median price of $1 million or more," he said.
Courtesy : http://www.dailytelegraph.com.au/property/sydney-tops-expensive-aussie-suburb-list/story-e6frezt0-1226301844768
