House prices on the rise in Gladesville

November 9, 2017 by  

Property prices in Gladesville and Hunters Hill are on the up, a new study has revealed.

According to a list compiled by CoreLogic RP Data, a real estate analyst, both of the northern-district suburbs are “likely to hit $2m and $3m” in early 2018.

The increase for Gladesville, where the median price is currently $1.96m, is forecast to soar past $2m as early as January next year.

Meanwhile Hunters Hill, currently sitting on a median price of about $2.855m, is set to exceed $3m by February.

The recently released sales data from CoreLogic RP Data, which is often highlighted via methods like real estate brochure printing, has not surprised Robert Cassidy of Ray White Gladesville. He said the rise was an inevitability due to Gladesville’s proximity to the city and the standard of parks, eateries and shops in the area.

According to a McGrath Hunters Hill spokesman, the low-rise residential nature of homes, many large and set on big blocks, in the area has attracted many cashed-up buyers.

She said strong buyer activity was being experienced in the $3m to $4m price range and the market was also performing well in the higher $10m to $20m range.

The spokesman added that property prices in Hunters Hill were approaching those of neighbouring Woolwich, which commands a median price of about $4.2m.