October 4, 2016

Pitt Town has ranked in the top 10 when it comes to biggest change in median value across Sydney and its outer suburbs, according to an article published in the “Daily Mail Australia” in July.

It states that statistics, compiled by the Real Estate Institute of Victoria and CoreLogic RP Data, have revealed the best performers across Melbourne and Sydney – and Pitt Town is right up there.

It states that many once “unfashionable” suburbs are now leading the property market, with house prices rising 50 per cent in 12 months.

“Leading the top-growth suburbs is Homebush, near Sydney Olympic Park in the western suburbs, which has surged almost 50 per cent in the last year to an average $1.9 million,” says Frank Coletta, for “Daily Mail Australia”.

He says Pitt Town is now the seventh fastest growing area in Sydney.

“Pitt Town has had one of the highest turnovers in property numbers in the past 12 months, on average one a week has been sold as vendors take advantage of its growing popularity,” the article says.

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