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Sydney
Over the past two months, home values have seen a “mild” downward pressure with capital city dwelling values falling a cumulative 1.3 per cent, according to CoreLogic head of research Tim Lawless.
However, Macquarie University business analytics professor Stefan Trueck said that properties sold, on average, 8 per cent below their valuation in May 2020 alone.
According to him: “It is likely that Sydney house prices have already dropped more substantially than the public has been led to believe. Vendors and real estate agents have significantly reduced the reporting of sales results for houses and apartments in many suburbs.” House prices have fallen across most major capital city markets, except Adelaide, Canberra and Hobart, while unit prices have fallen across all major capital city markets.
In Sydney, the final auction clearance rate fell across a higher volume of auctions during the previous week. There were 594 homes taken to auction, returning a final auction clearance rate of 60.6 per cent, lower than the 61.4 per cent over the week prior when 515 auctions took place.
One year ago, a lower 394 Sydney homes were auctioned with a higher final clearance rate (75.7 per cent). Continue reading at: x
Property market update: Sydney, July 2020
Throughout the COVID-19 crisis, Sydney property values have fallen by 0.8 per cent, while national capital has fallen by an average of 0.7 per cent. How will the NSW capital fare for the remaining mon...
www.smartpropertyinvestment.com.au
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3D ago
Karan
Anuj
Homebush
Introduction
Homebush West is an innerwest suburb which is about 5 minutes drive to Strathfield and 13KM to CBD. Homebush West is an excellent place close to all the amenties, DFO shopping, Rhodes IKEA, Burwood Westfield, Paddy's Market, Asian Grocessories,Golf club etc. Homebush west has many reputed schools around. The suburb has good childcare centres and pre-school. Train lines are also well connected with different suburbs. Homebush West is home to a variety of Asian restaurants and is also famous for fresh fruits, veggies and good grocery shopping.
Benefits
• Great access to Transport
• The price of housing is relatively cheap
• Only takes 5 mins driving to Olympic park
• Many good Asian restaurants
• easy access to so many places
Challenges
• Not so clean and tidy on the street
s• Parking is an issue on weekends
Location
Homebush West is located 16 km (10 mi) west of Sydney CBD, in the local government area of the Municipality of Strathfield. Homebush and Homebush Bay are separate suburbs to the east and north-east. It is located in the dead centre of Sydney allowing easy access by car to the north eastern suburbs, western suburbs and eastern suburbs.
Connectivity
The suburb is on an arterial section of motorway that accesses all points of the compass.
Flemington Station • Homebush West has great access to Transport with Flemington train station and is located in the dead centre of Sydney allowing easy access by car to the north eastern suburbs, western suburbs and eastern suburbs.
• Bus service is also available from Homebush West to Sydney CBD.
• 16 minutes drive from car to Sydney CBD.
Shopping destinations
Large shopping centres at Rhodes are only 5-10 mins drive away. Planty of Asian Gorceries near Station Paddy's Market Flemington Paddy's Market Flemington Burwood Westfield (5 minutes drive) DFO (5 minutes) Schools & Daycares
• Homebush West Public School servicing K-6 is the local school of the suburb.
• Strathfield Sessional Pre-School
Other good schools near the area include:
• Homebush Public School
• Homebush Boys High School
Good daycare include:
• Active Kids Homebush
• Strathfield Sessional pre school
• Strathfield One Stop Child Care Service
Internet Connectivity
The NBN is now available in Homebush West. Everyday Australians in HOMEBUSH WEST NSW, 2140 are already loving fast Broadband speed.
Crime & safety Homebush West has a very low crime rate and is very safe to get settled with the family.
Price
Median Sale Price- $550k (Unit)
Rent
Median Rent Price- $480pw (Unit)
Summary
Homebush West is a suburb in the Inner West of Sydney,NSW , Australia. Homebush West is located 16 kilometres west of the Sydney CBD. Homebush West has a small group of shops located in The Crescent, beside Flemington railway station. Variety of Asian restaurants are available in Homebush West suburb. With the variety of shops, its pretty convenient to have the Asian groceries there as they are pretty cheap to buy day today stuff. For other types of groceries, you have woolies in strathfield and even Concorde, Burwood westfied and the new Top Ryde. Sydney Olympic Parks, Cycling, There is a golf driving range and course about 10 mins away from flemington station. Homebush West is by far the most affordable and accommodating area to live.
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2D ago
Ranjit
MD Emren
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