Exciting news as top sellers revealed Sydney’s western and inside north suburbs and Melbourne’s inner city circle are the hottest area’s according to last Saturday’s spring auction day. It’s all about lifestyle! There were over 3000 auctions as eager purchaser’s attended trying to make a good property deal this side of Christmas.
The areas of Prahran, North and South Yarra, and Fitzroy in Melbourne took top spot for most searches in the housing market. Norwood in Adelaide was also up there getting in the top 10 searches for houses, the rest were in Victoria. These results were based on figures from March to August.
No surprise that East Melbourne won number one spot for unit searches, however New South Wales had the most presence.
Lots of so called ‘baby boomers’ are joining young professionals and investors in buying smaller properties to be closer to gastronomy and transport links. In Sydney in particular it is popular now to downsize into a modern apartment or unit.
First time buyers are going for area’s with great transport, yet older less expensive apartments like in Parramatta. The most intriguing place is still Prahran in Melbourne. People seem to want to be near the rich. Many of these looking are youngsters whom are getting help from their parents and also investors. The amenities and affluence is the attraction.
Brisbane buyers are heading for Newmarket as it has become a real community offering new amenities such as bike tracks, sports centres, well maintained parks, and a great selection of night life and restaurants. There’s also plenty of new retail area’s. So offering such a great lifestyle and balance it is attracting young professionals, retirees, families with young children. The sunshine, stunning coastline and easy airport access are also a plus.
For more information on all the latest real estate news, please check out realestate.com.