Welcome to your Quarter One, 2023 market update for Baulkham Hills. As your area specialist, I’ll keep you well informed on the local property market with the facts and information to help guide your real estate decisions in the future. As you no doubt have heard or read, the value of many Sydney properties fell last year. Keep in mind this is after recording a 27.7% rise in values between October 2020 and January 2022. Presently Sydney home values are down -11.4% since the peak, taking roughly $132,000 off the median value of a dwelling. After a rollercoaster twelve months however, interest rate shock has worn off and the rate of property value decline has steadied. According to Core Logic data, the flow of new listings is well below average for this time of the year: -22% lower than this time last year. The local market in Baulkham Hills is quite steady with median property prices over the last year ranging from $1,650,000 for houses to $820,000 for units. If you are looking for an investment property, consider houses in Baulkham Hills rent out for $650 per week with an annual rental yield of 2.2% and units rent for $550 per week with a rental yield of 3.6%. Should you be thinking of selling or would just like a market update on the value of your home, please get in touch with me on 0431 277 110. I can give you all the tools and advice you need to make the best property decisions to reach your goals. Julia Stella Licensed Real Estate Agent The Avenue Real Estate M 0431 277 110 julia.stella@theavenuere.com.au WELCOME
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