Winter Approaches with Steady Inner West Growth
Approaching the midway point of 2016, the Inner West property market continues to see steady growth. There is high demand and strong competition being shown by established couples and families looking for that ideal larger home on a spacious land allotment. Newport in particular continues its popularity and auction results during April and May have supported this. The median price of a two bedroom property in the district is $685,000, 3 bedroom property is $818,500 and a four bedroom property $1,020,000. With the colder months upon us, property prices are set to remain steady and we expect to see competition amongst current buyers.
For those contemplating selling during the coming weeks prior to the more congested spring market, get set to crisp up your gardens, make your windows sparkle and have your heaters and/or open fires cranked up!
We look forward to seeing you at a Compton Green open for inspection or auction sometime soon, decked out in your winter woollies!
