In a market that’s rapidly expanding, it’s a question that can be answered quickly by anyone who has been in it before.
The cost of buying and selling a property in Sydney’s Hilton Heads has been on the rise since 2013, with average asking prices up nearly $30,000.
The average home in Sydney has now risen from about $1.4 million in 2013 to $1,732,000 in 2016.
There’s been a spike in demand from the area’s young professionals.
And the area is now home to a lot of new construction, particularly around the CBD and along the Inner West Freeway.
The new residential development at the intersection of the River and Swan rivers has also seen the number of new homes build up dramatically, with about 5,000 units sold in 2016, compared to 1,600 in 2013.
But it’s not just the housing market that is seeing an increase in demand.
It’s the area around it too.
“There’s been an increase from the youth population, and it’s more of a younger generation, that’s been moving into the area,” said Paulie MacLean, an agent with Melbourne-based property broker McPherson, Rinehart & Platt.
“And there’s a lot going on around it. “
“I think we’re now seeing the growth of the community and we’re seeing more people in the CBD.” “
That growth has also been happening in the suburbs, with the area growing by about 7 per cent between 2013 and 2016. “
I think we’re now seeing the growth of the community and we’re seeing more people in the CBD.”
That growth has also been happening in the suburbs, with the area growing by about 7 per cent between 2013 and 2016.
What is it worth?
The median price of a home listed on a national housing market website is about $2 million.
The median property price in Sydney is about half that, at $2.8 million.
But the median house price is a much better indicator of a property’s value, with an average house valued at $5.5 million.
For many buyers, the value of a house is an important factor in whether they want to buy it.