Sydney prices start to flow on to the Highlands

October 5, 2014 12.40 pm by. Lyndell

Whilst Tulip Festival is over, the Southern Highlands are in blossom everywhere and this is the best time to put your property on the market. Property prices are moving as Sydney has again eclipsed other cities as the fastest price growth.

RP Data National Research Director Tim Lawless says capital city dwelling values rose 9.3% over the 12 months to the end of September.

“Sydney values are driving the growth trend, increasing by 14.3% over the past 12 months,” Lawless says.

“A substantial gap exists between Sydney and the next best performer, Melbourne, where dwelling values increased by 8.1%.”

What this means for the Southern Highlands market is good news – as property prices increase in Sydney more people are moving to the Highlands and are prepared to commute to Sydney instead. And with the internet many employees can spend a day or two working from home, so living in the Highlands is more attractive from a lifestyle point of view and a financial one.

If you are considering purchasing in the Highlands, consider Mittagong as commuters can cut another 20 minutes off their trip to Sydney and the last four clients I have help purchase real estate here have bought in Mittagong, three for investment properties.