Botany Home Owners have increased their personal wealth by over 57%
In the last 7 years the Median house price in Botany has gone from $618,000 to $972,000 according to RP Data / Core Logic.
If we think about this for a moment that’s over $300,000, this is quite amazing and when you put that in perspective most people would never have the capacity to save that kind of money in that period of time.
Another interesting fact is that there were 17% less sales in 2014 than the year before so no wonder if you are thinking of upgrading your home in the area you feel like there is nothing on the market.
I think the property market is going to be a very interesting place to watch and see what happens in the next few years.