PHOTO: Dover Heights (pictured), on Sydney’s eastern coastline, was number one on the top ten list of suburbs tipped to grow over the next three years
- Suburbs across Sydney are set to grow exponentially over the next three years
- Data from Select Residential Property showed most postcodes are in the south
- They include Beverley Park, Illawong, Kareela, Como and Peakhurst Heights
- Dover Heights, in the east, was first place while Riverview, in the north, was tenth
House prices in some Sydney suburbs are tipped to soar despite the sharp plunge in the property market since the COVID-19 pandemic hit Australia’s shores.
Property values in the Harbour City dropped a further two per cent over the June quarter, with the Reserve Bank of Australia warning a 40 per cent fall was ‘plausible’ as the virus continues to smash the economy.
But experts say some Sydney suburbs will be immune from the downturn.
Data from Select Residential Property suggests there are ten postcodes across the city where it could be wise to invest, 9News reports.
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