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First home buyers look to the inner city

By webmaster
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Potential first home buyers should look at the inner city housing for property bargains, according to RP Data.

While the prices for detached housing in the middle and outer ring suburbs continue to climb, RPData’s national research director Tim Lawless said first home buyers can still find bargains in the inner city and city fringe unit and dwelling markets.

“The price points for these dwellings are generally more affordable and the lifestyle elements of living closer to the city tend to suit the younger buyers,” Mr Lawless said.

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Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%