The new town (Newtown) has become the most demanding urban area in Xinzhou housing market. (real estate website Realestate Pictures)
According to real estate website Realestate, the popularity of the housing market in the western part of Sydney continues to rise, with new data showing that the new town (Newtown) has become the city with the largest demand in the housing market in the new state.
It is reported that the digital real estate advertising company REA Group through data to find the largest search on the Realestate website in the new state city. The results show that the new town beat the popular northern beach areas such as (Freshwater), Naravina (Narraweena), di (Dee Why), making it the most demanding area in the housing market in the new state.
The group`s price index in May also shows that the West is the only region with positive growth in Sydney, with a median price rise of 0.1%.
Konizby (Nerida Conisbee), REA`s chief economic division, said the results were incredible given that the data had been collected before federal elections and interest rate cuts. Signs of a housing recovery at such an early age mean house prices in the city will rise further in June.
She pointed out that it is not surprising that the new town is popular with buyers. The figures show that buyers are shifting from eastern urban areas and northern beaches to the inner west. The new town`s popularity with younger buyers may also reflect its confidence in the market.
Buyer Cui Mach (Rose Trimarchi) recently bought real estate. In the new town. Buying a house in the city, she says, is a mindless thing. Everyone knows what this city stands for, and no matter who you are, you can fit in. Cui Mach`s favorite is not only close to CBD, but also includes good bus and train travel options.
