Why are prices so high? 

05/08/2022 . By Champion Homes

Australia, and in particular Sydney, is notorious for having expensive housing. High property prices have been a reality in Australia for a long time, with national house prices rising by more than 85% between 2000 and 2010 and growing by over 20% in the decade following. This was felt even more sharply in Sydney, with prices increasing by almost 100% in the 10 years to January 2022.  

You would be forgiven for thinking that this might have changed through COVID and that we should have seen some declines in house prices, but in practice the reverse occurred, with national prices growing by more than 7% in 2020 and over 20% in 2021! 

There are a number of different factors that contribute to this price situation, including: 

That being said, once you’ve gotten a home then your property will subject to the same conditions, which can see a substantial increase in value over time. It’s important to ensure you’ve built a quality home that won’t lose you value into the future, so why not check out our current house & land packages or our range of new home designs today?  

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