A RISE IN BONNER (Ian you will love this)
About Bonner , What is going on?
3. Bonner, ACT – median house price of $425,000 +113% growth over last 12 months
Bonner is a new suburb with Gungahlin, Canberra’s fastest growing residential area. The area was subdivided and a number of public ballots to buy blocks of land were held from 2008 – 2010. All blocks were sold and many houses have been completed with more to come.
The development of the suburb has been managed by the ACT Government, with a focus on sustainability. The suburb takes its name from Neville Bonner, the first Indigenous Australian to be elected to the Federal Parliament.
The Indigenous heritage of the area has also influenced the character of the estate, the streets of which have been named to honour Indigenous leaders and communities.
Sydney Housing Hot Spots – Top Tensource: Dr Andrew Wilson is Senior Economist for Australian Property Monitors
Sydney has experienced its strongest period of house price growth in nearly 8 years.
Latest Australian Property Monitors data for the December quarter 2010 revealed that the Sydney median house price rose by over 20 percent between March 2009 and December 2010.
Sydney median house price now stands at $637,258 and remains Australia’s most expensive capital to buy a house.
Although other capitals are slowly closing the gap in median house prices, particularly Canberra and Melbourne, Sydney clearly retains price leadership on a number of measures.
Sydney’s current top ten most expensive suburbs reveal no real surprises. Vaucluse and Bellevue Hill which recorded median house prices in December of $3,700,000 and $3,345,000 respectively lead the pack and are the only two suburbs over $3 million. Sydney’s other top ten most expensive suburbs are Dover Heights $2,700,000, Palm Beach $2,690,000, Woolwich $2,475,000, Double Bay $2,320,000, Darling Point $2,317,000, Kangaroo Point $2,287,000, Rose Bay $2,280,000 and Kirribilli with a median house price of $2,200,000.
By contrast Melbourne’s top two most expensive suburbs are Toorak and Kooyong with median prices recorded in December 2010 of $2,180,000 and $2,151,000 respectively and are the only two suburbs over $2 million. Sydney has 14 suburbs with median house prices in excess of $2 million and 127 suburbs with prices in excess of $1 million. This compares to Melbourne’s 38.
At the other end of the scale Sydney’s ten most affordable suburbs are led by Willmot and Lethbridge Park with December 2010 median house prices of $219,250 and $230,000 respectively. Other affordable suburbs in the top ten are Emerton $233,000, Tregear $235,000, Whalan $240,000, Blackett $245,000, Bidwill $246,250, Shalvey $257,000, Gorokan $312,000, San Remo $265,000, Warragamba $268,700 and Macquarie Fields with a median house price of $275,000.
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