Core Logic RP Data Senior Research Analyst, Cameron Kusher, provides an interesting insight into the interrelatedness or otherwise of inner city property markets and their surrounding ring boundary suburbs. His analysis flows from a recent speech by the RBA’s department Head of Financial Stability, Luci Ellis, at the University of New South Wales Real Estate Symposium 2015.
A key take was analysis provided by Ms Ellis in respect to the ratio of inner ring to outer ring median prices for detached houses in our major capital cities. Cameron notes; “Sydney is probably the most interesting result here. Although it has seen the sharpest rises in home values over the past year, suburbs outside of the 10 kilometre inner ring have generally experienced stronger value growth.”
You can read the full article here.