The Sydney regions with the lowest and highest turnover of homes

New figures from Domain show 7.2 per cent of homes in the Sutherland Shire traded in the 12 months to May, while 6.6 per cent of homes on the Central Coast found new buyers.Nationally, 7 per cent of properties transacted over the 12-month period.About one in every 17 homes were sold across Greater Sydney during the past year, with home owners in some lifestyle locations particularly keen to cash in on strong price growth.

Home owners in other areas were more likely to stay put, with the Baulkham Hills and Hawkesbury region, south-west and inner south-west seeing fewer than 5 per cent of homes sold.Domain chief of research and economics Dr Nicola Powell said turnover had increased during the pandemic and subsequent market boom.

“Some of these areas have seen extraordinary price growth … it would have been very lucrative to unlock equity and profit or go and purchase elsewhere,” Powell said.While turnover was impacted by last year’s lockdown, Powell said activity had rebounded sharply afterwards. Inner west residents Ruth Harrison and Tim Randall know that challenge first-hand, having spent almost a year searching for a home to upsize to in the area, eventually settling on a Marrickville house a few hundred metres away from the home they’ve outgrown. The previous owner held it for 50 years, and the pair hope to follow in their footsteps.

You're punctuation sucks...

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Food delivery cyclist filmed in peak-hour traffic on the Sydney Harbour BridgeThe rider was spotted peddling in the left lane before riding into a nearby tunnel. 9News When you’re working hard and this flog decides to talk shit about you through the news. There is some dopes in this world, and this person is one of the. Seriously must have a death wish.
Source: 9NewsSyd - 🏆 23. / 51 Read more »

Ministers hold urgent talks with union to head off Sydney train disruptionsA meeting between the rail union and two NSW ministers was hastily convened on Friday afternoon after the threat of industrial action next week over canceled talks earlier in the day.
Source: smh - 🏆 6. / 80 Read more »

Sydney council cops backlash over plans to lower speed limitInner West Council has been slammed by locals over plans to reduce the speed limit to 40km/h on all local roads to improve safety for drivers and pedestrians. another Clover Moore idea? FIXED IT!!! Inner West Council WORKING ON BEHALF OF locals plans to reduce the speed limit to 40km/h on all local roads to improve safety for drivers and pedestrians. BUT Murdoch Media dug up some people who don't like the idea... So what. Should be 30kph to make it even safer
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Sydney man arrested for allegedly aiming laser beam at police aircraftPolice are reminding people that a birds-eye-view makes it easy to identify where a laser beam is coming from. 9News
Source: 9NewsSyd - 🏆 23. / 51 Read more »

Protesters crash Chinese ambassador’s speech at Sydney universityAt least five protesters have crashed Chinese ambassador Xiao Qian’s speech at a Sydney university. 7NEWS The one group of protestors I'd bet weren't uni students Good on them, China's lies about the virus from Wuhan, possibly the lab have caused millions of deaths and economic destruction, was covid China's next genocide, this time against the world..
Source: 7NewsAustralia - 🏆 11. / 71 Read more »

Multiple protesters interrupt Chinese ambassador's speech in SydneyThe ambassador, appointed earlier this year, is interrupted by successive protesters while speaking about how to improve ties between Australia and China. Ayei_Eloheichem DrewPavlou Let’s face it- China is going to invade Taiwan and subject the people there to endless rights abuses in exactly the same way it has done with Tibet, Hobg Kong, the Uyghurs and its own people in Tiananmen Square. China is a teenage belligerent pig who doesn’t belong.
Source: abcnews - 🏆 5. / 83 Read more »