Abstract
Prestige residential property is a relatively small property sector; however, it attracts considerable attention due to the relatively high prices paid. This paper will examine the prestige Sydney Harbour front residential property market to determine if this small, but significant, property sector has performed in a similar way to the residential property markets directly adjoining, as well as the general property market in Sydney. The study will be based on the analysis of waterfront and waterfront reserve single residential and strata title unit sales transactions over the period 1991-2002. Comparisons will be made in relation to average annual capital growth, volatility of average annual capital growth and a correlation analysis of these average annual returns will be undertaken to determine if these specific residential property markets have performed in a similar manner to other residential property markets in Sydney.
Original language | English |
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Number of pages | 20 |
Journal | Pacific Rim Property Research Journal |
Publication status | Published - 2005 |
Keywords
- Sydney Harbour (N.S.W.)
- Sydney, N.S.W.
- housing
- prices
- real property
- residential real estate