The Sydney Morning Herald published their spring property guide this last weekend. House prices in the Upper North Shore make interesting reading. House prices in Beecroft are shown as having dropped nearly 10% over the last year, but are forecast to increase 9% to 12% over the next twelve months. Sounds like a great time to buy! And for home owners, they have to decide how long they will hold onto their property waiting for this predicted increase.
Homes for sale in Cheltenham are reported to have dropped 6.7%, and are predicted to rise the same as Beecroft. Houses for sale in Epping dropped 10% last year. Homes for sale in Carlingford fell 8%.
Interestingly, houses for sale in Pennant Hills dropped only 1.3% last year, and in West Pennant Hills residential houses fell 2.8% while units rose 13% and are predicted not to gain value next year at all.
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