2017 Property Results!

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As another year comes to a close we thought it was a great time to reflect on the year that was - when it comes to the Sydney City property market.

In our opinion, it was a great year for both owners and landlords, with prices rising across the board. Over the past 12 months, the median unit price was $914,000, quarterly growth was 8.17% while annual growth reached 29.65%.

There were 413 sales within the 2000 postcode with the highest selling property going for $8.715 million. We personally broke sales records in The Connaught and exceeded the expectations of our clients - sale after sale.

When it comes to rentals, the median advertised rent was $700. We have managed to secure all new clients above the median rate.

So, if over Christmas lunch someone tells you the market is heading for a crash, you now have the numbers to prove them wrong. At least when it comes to our area!

*Data from Core Logic Nov 16 – Nov 17.