Australia’s most popular pricing points revealed

You wouldn’t be the only one if you’re shocked to learn that there was more property sold between $200k and $400k in Sydney, than there was homes sold between $800k and $1M. A recent report from property data analyst RP Data unveils the most active pricing points in each of the Australian capital cities showing some surprising results.

With the Sydney property market making media headlines of recent times with record levels of stock being cleared by way of public auction, and talk of an affordability crisis there is no debate that the Sydney market is hot property. Although interestingly enough there is more affordable property available than we are perceived to believe.

Driven by an undersupply of housing and massive population growth Sydney has evolved over the past decades and the established inner-city suburbs could certainly be considered expensive in comparison to their rival capital city counterparts but this report clearly provides us with the evidence that opportunity is rife and there are many buyers taking advantage.

Many buyers today can still afford to enter in a range of suburbs within Sydney, however the closer the proximity to the city and other lifestyle locations, the more they may have to compromise on the type of property being considered.

Measuring the numbers for the 12 months to April 2014 and combining all property types [Houses, Townhouses, Apartments] we can reveal the most popular price brackets in each capital city across the nation.

Although this analysis demonstrates to us – and not all that surprisingly – that the most popular price brackets of property sold in Australia is under the $1M mark, there has however been an increase in property sales between $1M and $2M in our capital cities and when combined, RP Data reports that 9.2 per cent of homes were sold between $1 million and $2 million compared to just 2.5 per cent 10 years ago.

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