Shock!House prices in Sydney have increased by more than 40%!And the reason behind this is actually due to the epidemic? | Australia Chinatown | A Guide to News Life in Australia

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The epidemic has completely changed people's lives. Working from home may become the new normal, and working from home has caused housing prices in some places to soar! ?The latest data shows that the housing price of a coastal town in NSW has soared by 40.1% in one year! Digital Finance Analytics

Working from home makes house prices soar in some places! ?

The epidemic has completely changed people's lives. Working from home may become the new normal, and working from home has caused housing prices in some places to soar! ?The latest data shows that the housing price of a coastal town in NSW has soared by 40.1% in one year!

Data from Digital Finance Analytics shows that in 2020, one of the best performing places in the Australian real estate market is: Austinmer, a coastal town in Wollongong, Sydney.The town is located south of Sydney, close to the Royal National Park.

Royal National Park

In December 2019, before the outbreak of the epidemic, the median transaction price of Austinmer detached houses was 12 million. By December 116, this number soared to 2021 million, an increase of 12%, and there were 160 real estate transactions exceeding 40.1 million. , Pushing up the median price!

As for the reason behind, the analysis of Digital Finance Analytics is: The epidemic has made working at home become the norm, and more and more professionals are fleeing big cities.Martin North, the head of the agency, said: More and more people are moving from Sydney to the Illawarra area where Wollongong is located, and it's not just the baby boomers or the elderly who have moved there. "It is common that the buyers of the house are those who want to escape the hustle and bustle. It is not just people born during the baby boom period, not only people who moved from big houses to small houses, but also many people in their XNUMXs and XNUMXs."

He analyzed that Austinmer did not just become the child of choice: Austinmer has a direct train to Sydney and is close to Princes Highway. "The advantage here is that we are located on the main railway line between Wollongong and Sydney. It is very convenient to get into the city." Among the coastal suburbs of Sydney, only Cronulla has a train station. For comparison, if you live in Sydney, In Northern Beaches in the north, if you want to go to work in the city, you have to endure long traffic jams and slow buses.

However, it should be noted that the agency only used the price of the most recent transaction. The well-known real estate data group CoreLogic, based on the data of all detached houses in the area, came up with a small increase in house prices: Austinmer’s detached house, median The annual price increase is only 14.9%, reaching the current 143.8 million.The difference between the two calculation methods is still very large. Based on transaction data alone, the median price of a single house in Byron Bay, NSW, has soared by 39.1%.

Byron Bay

从2019年12月的134.8万,涨到2020年12月的187.5万,而CoreLogic计算出的涨幅仅16.1%,达到目前的186.2万。上述机构负责人还说,Even if vaccines begin to spread, the coastal area will continue to be popular!However, the only popular ones will be detached houses, not apartments. "The longer the epidemic in Sydney and Melbourne lasts, the more people have the following thoughts,'It's too difficult, I'm going to a place where life in the countryside is not so difficult.' In the coming months, we will continue to see this trend ."

In other words, if you are also working from home, it is better to have a quieter, better air, and more beautiful scenery than a noisy city. However, more people may have more than enough energy. After all, it is not everyone. Affordable, a springy villa facing the sea!

 

 

Editor: Xiaoyin (pictures on this topic are all from the Internet)

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