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418 | The Hidden Forces Driving Property Values

The Property Couch

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New South Wales Compared to Tasmania

The higher the incomes paid, the higher the land prices get. New South Wales saw a variance from $561 median weekly rent in 2011 to increase median weekly income. To $813. And so that's an improvement of $252 or 45% over that time. Tasmania had a median weekly income of $499 and that moved to 701. So effectively Sydney's rate of growth is growing 81% more than the rate of growth in Tasmania.

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