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Inner city house prices lead bounce-back

Inner city house prices lead bounce-back

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NSW inner city suburb prices are leading the state in market recovery following the GFC, new research from PRDnationwide has found.

According to PRDnationwide, the city metro suburbs of Glebe, Balmain, Kensington, Lane Cove, North Bondi and Bondi Junction all showed highest price growth in the twelve months to March 2010.

PRDnationwide managing director Jim Midgley said seven out of NSW’s top ten growth suburbs were located within 7km of the Sydney CBD.

“Topping the list for best price growth was Bondi Junction in Sydney’s inner east – registering 56.8 per cent increase in median sale price,” he said.

PRDnationwide research analyst Dan O’Halloran and report author said North Bondi recorded the second highest price growth of 52.2 per cent.

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Inner city house prices lead bounce-back
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