This paper chooses to examine the property prices in the Sydney suburb. On an average, the Australian residential property prices showcase a substantive increase, with Sydney property price index having an extreme hike as reported in the June quarter. This is why the paper seeks to examine Sydney residential property price trends. Lannin (2016) outlines the UBS Global Real Estate Bubble Index rankings where Sydney is ranked the fourth riskiest market over the last three years a comparison launched since the price fall after the 2008/9 financial crisis.
Over five years ago, Sydney became a major target for the investors in all areas of business, especially in the property market. The aftermath of the transition of the suburb into investors preferred market has been an overheating residential price. Sydney, therefore, portrays a tremendous increase in the prices, a trend that can be traced back from its lowest ranking in 2012 to the present, ‘bubble risk category’. This is a source of the major interest that this paper seeks to establish an understanding and project the transition for 2017.
 Colliers International. (2016). Melbourne, Sydney rank second and third on global investor wish lists. Retrieved from Colliers International: www.xolliers.com.au/news/2016/melbourne-sydney-rank-second-and-third-on-global-investor-wish-lists.