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The
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Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property
 
 
Fri 6 Sep '24 with Rich Harvey Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies
 
 
Fri 23 Aug '24 with Rich Harvey Where to invest for around $500k?
 
 
Fri 9 Aug '24 with Rich Harvey How to Find the Ideal Investment Suburbs?
 
 
Fri 26 Jul '24 with Rich Harvey Property Market Pulse, Predictions & Policies to fix the housing market.
 
 
Sun 23 Jun '24 with Rich Harvey Why Tax Depreciation Matters
 

 

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New report details affordable deals in Sydney

March 18, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

With home values surging in many areas throughout Australia, chances are you're wondering if any affordable deals remain.

Fortunately for those looking to buy a house in Australia, good buys still exist for those who know where to look - even in hotspots like Sydney.

The Westpac Suburbs Snapshot recently highlighted the most affordable suburbs in Sydney's major metropolitan regions.

"Westpac understands that the dream of many Australians is to own their home sooner," said Gai McGrath, general manager of retail banking at Westpac.

"Identifying that there are particular suburbs in each region that represent value for money is vital when considering a purchase in that area. When looking for a home to buy it's important to be armed with as much information as possible."

As far as the Eastern Suburbs are concerned, it appears that Paddington is the second most affordable suburb for those looking to buy units, beating out Kingsford and Matraville with a median value of $533,057.

Elsewhere in the Eastern Suburbs, it's clear that even a few kilometres can mean the difference between paying or saving an extra couple million dollars.

Ms McGrath told The Telegraph that North Bondi houses were $2 million cheaper than those in Vaucluse, despite being only three kilometres away.

Meanwhile, Sydney's northern beaches region featured a couple of suburbs in the middle bracket of house prices - Warriewood at $950,920 and Cromer at $951,814.

This data, as well as the fact that it fluctuates so readily between different suburbs, makes it clear that home buyers could benefit greatly from the services of a buyers advocate.

A Sydney buyers agent who has intimate knowledge of prices, sales and inventory throughout different suburbs in the region could make a huge impact in how much you ultimately pay.

The Propertybuyer
Podcast

 
Fri 20 Sep '24
with Rich Harvey
How to Invest or Buy Commercial Property
 
 
Fri 6 Sep '24
with Rich Harvey
Breaking Gender Barriers, Creating Empathy & Other Empowering Strategies
 
 
Fri 23 Aug '24
with Rich Harvey
Where to invest for around $500k?
 
 
Fri 9 Aug '24
with Rich Harvey
How to Find the Ideal Investment Suburbs?
 
 
Fri 26 Jul '24
with Rich Harvey
Property Market Pulse, Predictions & Policies to fix the housing market.
 
 
Sun 23 Jun '24
with Rich Harvey
Why Tax Depreciation Matters
 

 

Listen to many more
podcasts on our
Podcasts page.