To say that Sydney’s rental market has exploded in recent years is an understatement.
Demand remains high, despite the number of rental properties increasing by over 800 percent since 2010—which would normally prompt prices to drop.
But what’s the real reason behind Sydney’s ability to defy the laws of real estate supply and demand?
Overseas Investors Continue to Focus On Sydney’s Eastern Suburbs
“Location, location, location” may be the undisputed mantra of real estate everywhere. But if Carolyn Cummins’ piece on the state of Sydney’s market is anything to go by, “timing, timing, timing” is equally appropriate.
In her recent report for MSN.com, she points out that “The appreciating dollar and new taxes have not deterred overseas investors buying up luxury homes in Melbourne and Sydney.”
And this is why, if you’re thinking of buying real estate in Sydney’s Eastern Suburbs, the time may be right now.
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