Dreaming of Sydney’s top-end housing market? You might have already made it

Want to trade up to Sydney’s top-end housing market? If you already own in the eastern suburbs, Strathfield or north shore then there’s a good chance you’ve already made the cut.

Figures from CoreLogic’s latest Home Value Index reveal that houses worth close to $5 million rank among Sydney’s top 2 per cent, shifting the perception of what constitutes elite housing in the harbour city.

“This dispels the myth that to buy into the top of the Sydney market you need $20 million,” CoreLogic’s head of research Tim Lawless said.

“That price would actually signify the top 99.5 per cent of the market.

“People forget how large Sydney is: it includes the Central Coast, Blue Mountains and the Sutherland Shire, and that’s a huge area, whereas a lot of people are focussed on Point Piper and Bellevue Hill.”

Read More: https://www.smh.com.au/property/news/dreaming-of-sydney-s-top-end-housing-market-you-might-have-already-made-it-20220601-p5aqdv.html