According to the Australian Bureau of Statistic report which was published in January 2017, the quarter ending December 2016, the Sydney property price increased in general by 5.2%.
If we compare it against the quarter ending December 2015, the quarterly growth between the two periods is 10.3%. That would translate to around 40% increase in a year.
If one is to remember in 2003, the median house price in Sydney is only around $454,250.
I remember back then when I was thinking to purchase a house in my early youth day, I thought that was a bit too much, however, now the median home price in NSW is around $864,900, and in Sydney along, the median house price in Sydney is $1,077,000.00.
The recent article in Sydney Morning Herald shows that five years ago, only around 6 suburbs in Sydney are above 2million dollars, but nowadays, around 78 suburbs are above two million dollars, a scary thought indeed.
Come to our Seminar
If you want to find out more about how Sydney property will be heading,
what are the five booming periods in Sydney since 1970, and how long did the property boom last and when did it start,
how did Sydney property perform statistically since 1970,
and the global view on the Sydney property and the surrounding areas, please join us in the Property and Tax Seminar @EastWood Hall on 8 May 2017 at 6pm.
During the seminar, we also will show you insights on how to buy more investment properties using tax dollar,
and how to really maximize your tax refund from the investment properties,
and what options do you have if you believe or feel your prior tax returns are done wrong and would like to rectify hence you can get those lost tax dollars back.
Please register your interest at
Seats are limited, please book it NOW.
EndureGo Tax will offer 15% discount to people coming to the seminar to do their 2016/17 individual tax return including investment property
$500 cash refund for people to settle their home loan with EndureGo Finance, and engage us to refinance their home loan.
One winner will get 40% discount off the individual tax return.