As real estate investors, it's worthwhile not only looking for suburbs selling at a discount but also suburbs selling at significant premiums.
This is great information for those who own real estate in these areas to help time when best to sell, and also helps investors understands what is occurring in the market across different markets state-wide and in specific sections of the market.
PropertyDirector has just published the Top 50 suburbs where houses are selling at the highest premiums for the month of May - you can see this below. These suburbs are attracting significant buyer interest and generating excellent sale prices for vendors.
Suburbs in NSW and SA seem to be dominating the list.
Here are a few interesting suburbs from the list. South West Sydney seems to be generating excellent buyer demand.
Ranked #2 - Yagoona, NSW - selling at 42%+ above list price
Ranked #3 - Lakemba, NSW - selling at 42%+ above list price
Ranked #4 - Cabramatta West, NSW - selling at 40%+ above list price
Ranked #8 - Redfern, NSW - selling at 35%+ above list price
Ranked #9 - Glebe, NSW - selling at 34%+ above list price
Ranked #10 - Lane Cove, NSW - selling at 33%+ above list price
Ranked #16 - Bardia, NSW - selling at 28%+ above list price
Ranked #25 - Sefton Park, SA - selling at 25%+ above list price
Ranked #42 - Hackham, SA - selling at 23%+ above list price
Get access to PropertyDirector's excellent suburb ranking reports now by subscribing to the Essential plan - https://www.propertydirector.com.au/choose-plan.
