As part of our household surveys we ask about recent house and unit transfers. In the time we have been compiling the data we have collected significant trend data. Today we display maps of the Sydney showing the hot spots for both Unit and House transfers since 2007.
Looking at units first, we see significant activity in the CBD, and on the CBD Fringe, at places like. Darlinghurst, Surry Hills, Elizabeth Bay, Kings Cross, and Woolloomooloo. But there is also significant momentum in western Sydney, in places like Chipping Norton, Liverpool, Moorebank and Warwick Farm and also at Harris Park and Parramatta. We also see hot spots in the lower north shore, including, Crows Nest, Greenwich, Naremburn, and St Leonards and northen beaches at Cromer, Dee Why and North Curl Curl. Finally, in the south, we see momentum around Wollongong. The areas are colour coded on the map by transaction volumes, red is the highest.
Turning to house transfers, the map is somewhat different. The highest volumes of transfers were in the west, around Campbelltown, Englorie Park, Macarthur Square, Ruse and Woodbine. Also in the west are areas including Chipping Norton, Hammondville, Liverpool and Mount Pritchard. The central coast is also a hot spot, around Alison, Mannering Park, Tuggerah, Wyong,Wyongah and Yarramalong as well as Bateau Bay, Shelly Beach, The Entrance, Tumbi and Umbi. Looking south, there are high volumes of transfers near Wollongong, including at Sanctuary Point, St Georges Basin and Sussex Inlet. Kellyville, Kellyville Ridge and Rouse Hill is another hot spot in the west. Again high volumes are shown in red.
Overall we see considerable expansion on the urban fringes of Sydney, and overall transaction volumes are lower closer into the CBD. Next time we will overlay some property price data, because there are some significant extremes. Lower cost housing maps well with high transaction volumes.
I am using Sydney as a case study. We maintain similar data for other urban centres, so we may present some other state data plots later.