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There is a significant price drive from second home buyers and the mid market is doing very well. Much of the transition is from second home buyers upgrading while interest rates are low, which is freeing up lots of more entry level homes which are being bought by late to market investors...

Penrith LGA has seen a huge increase and is reaching its peak... still a little to go though, but dont expect the past 18 months growth to continue indefinitely. I had an IP nearby appraised in May for 400k and again last week at 440k so the past 6 months in particular have been a sprint.