We were a part of the Sydney growth story first in 2009 to 2014. Our research has moved us away from the Sydney market to other more affordable areas. The entry point in these markets is not only lower, but the capital growth expected is also better. The lack of affordable entry point in the Sydney market can be highlighted by one making one simple statement. According to Domain.com, in an article which they published on the 18th of Oct. “Sydney has surpassed another affordability milestone. There are now no suburbs with a median house price under $500,000.” We would like to highlight some other points they made in the article.
“In March there were four suburbs with a median price below $500,000. By June, there was one suburb left: Willmot, with a median of $485,000. Now, not a single suburb remains.”
“Sydney has now waved goodbye to the half-a-million dollar mark, and it’s possible a surge in first-home buyers is behind this,” Dr Wilson said. “Sydney has a number of jobs are but Brisbane are making a strong case in terms of job creation,” Compass Economics chief economist Hans Kunnen. There are other amazing growth stories in Australia.
We have some properties in areas that are currently experiencing or about the experience strong capital growth in the coming years. Would you call a property for $379,900; 30 mins drive from a Major CBD an affordable investment property? Would you call a dual income property $568,000; 30 mins from a Major CBD an affordable investment property? If your answer to the above two questions is yes and you want more information about the same. Please call us now on 1300 66 77 24 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it..
Ref: JENNIFER DUKEOCT 18, 2017 for Domain.com source: https://www.domain.com.au/news/there-are-now-no-suburbs-left-in-sydney-with-a-median-house-price-under-500000-20171016-gz1sxj/