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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Sydney land values on the rise

By Staff Reporter
27 July 2009 | 1 minute read

Sydney is Australia’s most expensive capital city to buy land, the Housing Industry Association’s (HIA) latest residential report has found.

According to the report, the price of an average Sydney lot rose 5.3 per cent in the March quarter to $259,000.

When comparing on a per square metre basis, the price of a residential lot in Sydney was at least $487 higher than in every other capital city.

HIA’s NSW acting executive director Brenton Gardner said a lack of adequate land and development charges were forcing land prices up in the city.

In regional NSW, median land prices grew by 6.1 per cent in the March quarter to $140,000.

Sydney land values on the rise
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Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.