Stick to the railways in Sydney

By |
Property values in Sydney suburbs with rail links to the CBD have outstripped those in suburbs without, says new research.
PRDNationwide has found that prices in suburbs near railway stations surged by 12.1% in 2009 - whereas those in areas without rail links only grew by 8.3%.
"Population growth continues in Sydney and this has prompted a high demand for places located near public transport facilities as the capacity of roads to cater for the influx of residents, particularly during peak traffic times deteriorates," said PRDnationwide managing director Jim Midgley.
The research says that the median sale price for properties near rail stations increased to $730,000 during 2009. The highest median price was recorded on the North Shore Line Line, with $1,325,500 recorded over the same period.
However, PRDNationwide points out that while growth has been impressive in the short term, both suburbs with and without train stations recorded equal median price growth 3.1% over a five-year period.

Do you have more than $200k in your super fund? You could use your super to buy property - Find out how

Top Suburbs : murdoch , canterbury , collingwood , springwood , tweed heads south

go back

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here