Sydney Today, March 3, Australian Eastern Time, was regarded by many authorities as a place with a large area of ​​luxury homes. Wahroonga, one of Sydney's most luxurious areas, has been included before. But, disappointingly, the situation has changed since the 18s.

The change of lifestyle in modern families where parents have to go to work makes parents who buy a house have to reconsider driving 20km from the suburbs to the city. Moreover, the global financial crisis is also detrimental to the high-end real estate market, with housing prices shrinking by 20%.

The good news is the diversity of housing. David Walker of Ray White Turramurra said: "The real advantage is the house with house prices ranging from $80 to $150 million. Sell their terrace in Newtown and buy an 800 square meter house with 4 bedrooms here. These buyers in the inner west of the suburbs have seen its value.” Don MacLennan of Richardson & Wrench Lindfield, also agreed that the market occupancy rate of buyers in the western suburbs is very high, “but buyers above $300 million are more local People.” This situation caused the average house price to drop by 2.9% last year, but the price of the apartment market rose by 11.4%. "

The locals love their private schools (including Knox Grammar, Abbotsleigh, Ravenswood, Loreto Normanhurst and Pymble Ladies' College), The Bush School’s primary school, railway lines, plastic tree-lined streets and coffee shops next to the main road.

The best locations: Water and Braeside streets and the high-end areas of Burns Road.

Prospect analysis: Clinton McNabb, a research analyst at Australian Property Monitors, said: "Local house prices have fallen to the same level as those in other suburbs in Sydney, although the apartment market house prices can reverse this downward trend. Even though house prices have remained unchanged at the end of last year Stability, but this does not mean that this is a signal of the housing market recovery, because this is more mainly due to bargain hunting in the high-end market, and stock prices have remained high."

Other places to try:

St Ives—The average house price fell to $101 million last year, a decrease of 5.2%; the average price of an apartment was $58.8, a decrease of 2%.

Pymble—The average house price dropped to $126 million last year, a drop of 4.3%, and the average apartment price was $61, a drop of 3.2%. (Ivy)

Original: http://smh.domain.com.au/neighbourhoods/suburb-in-focus-wahroonga-20120316-1v8vn.html