There is no silver bullet that explains it, there s been multiple forces driving the increase and it shows that what s expensive today will be considered cheap tomorrow. Many of the suburbs with the biggest price rises over the past 30 years were near the site of the coming second airport at Badgerys Creek in Sydney s far west. Homes in the region, including in suburbs Kemps Creek, Rossmore and Bringelly, averaged about $110,000 to $145,000 in 1990 but are now around the $3 million mark after growing more than 2000 per cent. There were also considerable price rises in gentrified inner west suburbs and beach enclaves, along with new housing estates in the Penrith and Hawkesbury regions.
Boom suburbs: what homes in this popular city are worth
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Boom suburbs: what homes in this popular city are worth
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