Haymarket is in the TOP 20% in NSW when comparing median price capital growth over the last year. Haymarket gave property investors a very good capital gain figure when compared to the rest of the state, with 8.00%.
Taking the average capital gain, or increase in median house value, Haymarket,2000 has racked up an average of 8.00% over the period. This ranks it number 739th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Haymarket are currently offering property investors an average price cut of -4.78% below the asking price at the moment.
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Apartments go up in CBD neighbour
Median unit price: $947,500
Stock on market: 44.8%
12-month growth: 4.1%
Located at the south end of the Sydney CBD, Haymarket is an affluent growing suburb, not just in terms of price, but also in terms of supply level.
Apartment stock went up by 44.8% in the period of January 2017-2018, likely due to the ever-increasing demand for properties in this area. Unit living has become popular recently in Sydney, and the new influx of supply could provide opportunities to homebuyers.
Haymarket houses a big part of Sydney’s Chinatown and Thaitown districts, as well as Railway Square. One of the buildings in the University of Technology is situated in this suburb, as are the Sydney Entertainment Centre and Capitol Theatre. Central railway station borders Haymarket in the south, and it is connected to Sydney’s light rail network.