Meanwhile, homeowners in Castle Cove and Davidson held their properties for the longest at a median of 21.3 years in the year to March 2023.Cathy Cao feels very lucky to have bought into Roseville Chase as it was one of Sydney’s most tightly held suburbs in 2023.
Her neighbours have all happily lived in their homes for 25 years or more, and she plans to stay for the long run. That’s less than half of the Sydney-wide turnover rate of properties of 4.6 per cent recorded last year.Bidwill topped the list for the lowest turnover across Sydney with just 1.2 per cent of properties changing hands.
“The low turnover rate can be a function of a few different things. Exclusivity and desirability is one,” she said. Ray White Upper North Shore’s Jessica Cao, no relation to Cathy, said Roseville Chase is a popular suburb among buyers due to its lower profile yet similar proximity to amenities that it shares with its neighbours.
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Source: FinancialReview - 🏆 2. / 90 Read more »