The Growth Engine of the Southeast

By Phillip Elmowy

PAGEWOOD has experienced the strongest capital growth in the southeast over the 12 months to January this year, while more than half the region’s suburbs slid into negative growth.
Pagewood properties posted 21.6 per cent capital growth over the period, placing the quiet suburb among the top 12 capital growth performers across Sydney.
Ray White Maroubra agent Peter Bakas said Pagewood was a pocket in the southeast with very low turnover.
“Every time something comes up, people jump on it, you have local buyers fighting for property and that drives up prices.”
Over five years, Pagewood properties have grown 60.4 per cent in value, achieving the strongest result in the region and placing 11th in terms of capital growth across the greater Sydney.
Mr Bakas said Pagewood had a unique appeal in the southeast, which continued to drive growth.
“All the homes are within walking distance to parks.”
“It’s very family oriented, with quiet, tree-lined streets and good size blocks of land between 430 and 590 sqm.
“It’s quite unique in the region.”
A strongly residential area made up almost entirely of freestanding homes, Pagewood has the highest rate of home ownership in the area. It has a long hold period, with home owners staying put for an average of 13.4 years.

Source: Southern Courier 08/05/2012

Up to Date

Latest News

  • Whats the benefit of having more green in our home!?

    Why we should all have more plants in our life & our home!? As more of us live the urban life, greening up has become a vital wellbeing issue. Think about it: from the house to the car to the office and back again, how much nature did you get … Read more

    Read Full Post

  • Market Predictions Expected for 2018

    Mortgage rates are expected to keep rising Financial markets predict the Reserve Bank will lift the official cash rate off the record low 1.5 per cent level late in 2018, which would have a measurable impact on household mortgage payments. But even if that doesn’t happen, borrowers should prepare themselves … Read more

    Read Full Post