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?
As we reached the mid-year mark, home prices in Australia’s biggest cities continued to rise.
This is according to a report written by David Scutt for Business Insider Australia, who notes that: “Prices in Sydney, Melbourne, Canberra and Hobart all screeched higher, logging gains in excess of 2%, while those in Perth jumped by 1.4%,” based on statistics released by Corelogic for their Hedonic Home Value Index.
This is encouraging news for all investors and home owners. But what about the future?
Do you want to know why Luxury Home prices will keep going up in Sydney, irrespective of local conditions?
I just read an interesting article by Robert Frank at msn.com.au that outlines just that.
In real estate, a good investment starts with choosing the right location.
And if overseas buyers are anything to go by, the prime option these days is buying property in Sydney.
Looking at opportunities from the perspective of China’s growing millionaire class, the collective draw of lucrative investments with high yields is bolstering the Australian real estate market.
This is especially true for Sydney. Why is this the case?
2016 was a great year for the real estate market in Sydney—and it looks like 2017 is poised to be even better.
Investments saw major returns by way of soaring prices, low interest rates, and a lower Australian dollar. All of which contributed to draw both local and foreign interest into the Sydney property market.
But as they say in real estate: location is everything. Where you put your money will define the value of your investment, and how much you will get out of it.
So let’s look at how Sydney is likely to perform in 2017 and over the coming years.
In an article for the website Property Observer, senior research analyst Cameron Kusher writes about the current housing situation in Sydney and Melbourne.
We all know that property values have been going up Australia-wide for almost five years. We also all know that nowhere have homes been selling as quickly as in Sydney and Melbourne.
But there is another factor that really demonstrates the incredible housing market dynamics in Sydney and Melbourne.
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