I posted these figured in another post for Sydney for last 15 years in 5 year windows for non strata properties.
The agreement was that Sydney west market moved first and is in buying frenze. If you look at last 5 years 2009 -2014, the outer ring is still in average 7.81% year on year growth for that 5 year window.
1994-1999
Inner Ring 10.48%
Middle Ring 8.83%
Outer Ring 6.76%
Rest of GMR 4.05%
1999-2004
Inner Ring 12.55%
Middle Ring 13.85%
Outer Ring 15.32%
Rest of GMR 16.30%
2004-2009
Inner Ring 1.30%
Middle Ring -2.18%
Outer Ring -2.11%
Rest of GMR 0.09%
2009-2014
Inner Ring 10.41%
Middle Ring 10.92%
Outer Ring 7.81%
Rest of GMR 5.48%
One would argue that outer ring is not just Sydney West alone, but included Hornsby, Gosford. removing north parts and very south parts, the following are specific LGA last 5 years of year on year growth for non strata dwelling (note I included Sydney South West as it moved closely with West)
Blacktown 8.07%
Fairfield 8.86%
Hawkesbury 6.45%
Holroyd 8.39%
Liverpool 7.14%
Penrith 6.81%
From a technical analysis point of view, I can't see why the outer ring can't outperform the inner/outer ring in the next 5 years? Or does the numbers suggest outer ring still have some catching up.
Putting simply my argument:
1994-1999 Inner/Middle outperformed Outer 2-4 %
1999-2004 Inner/Middle underperformed Outer 2-3 %
2004-2009 Inner/Middle outperformed Outer 0-3 %
2009-2014 Inner/Middle outperformed Outer 3 %
**2014-2019 Inner/Middle underperformed Outer 2-3 %
** I was dreaming
The agreement was that Sydney west market moved first and is in buying frenze. If you look at last 5 years 2009 -2014, the outer ring is still in average 7.81% year on year growth for that 5 year window.
1994-1999
Inner Ring 10.48%
Middle Ring 8.83%
Outer Ring 6.76%
Rest of GMR 4.05%
1999-2004
Inner Ring 12.55%
Middle Ring 13.85%
Outer Ring 15.32%
Rest of GMR 16.30%
2004-2009
Inner Ring 1.30%
Middle Ring -2.18%
Outer Ring -2.11%
Rest of GMR 0.09%
2009-2014
Inner Ring 10.41%
Middle Ring 10.92%
Outer Ring 7.81%
Rest of GMR 5.48%
One would argue that outer ring is not just Sydney West alone, but included Hornsby, Gosford. removing north parts and very south parts, the following are specific LGA last 5 years of year on year growth for non strata dwelling (note I included Sydney South West as it moved closely with West)
Blacktown 8.07%
Fairfield 8.86%
Hawkesbury 6.45%
Holroyd 8.39%
Liverpool 7.14%
Penrith 6.81%
From a technical analysis point of view, I can't see why the outer ring can't outperform the inner/outer ring in the next 5 years? Or does the numbers suggest outer ring still have some catching up.
Putting simply my argument:
1994-1999 Inner/Middle outperformed Outer 2-4 %
1999-2004 Inner/Middle underperformed Outer 2-3 %
2004-2009 Inner/Middle outperformed Outer 0-3 %
2009-2014 Inner/Middle outperformed Outer 3 %
**2014-2019 Inner/Middle underperformed Outer 2-3 %
** I was dreaming