Over the last few years, Sydney, Australia has been a hotspot for property investment opportunities. While factors seem positive for this trend to continue in the future, the recent dip in the market has some people concerned about where and when to buy property in Sydney.
I want to help you get the most bang for your buck, which is why I’ve put together several emerging investment areas in Sydney that you’ll definitely want to take a look at, as well as a brief real estate market overview and some factors that will play a role in investment opportunities in Sydney. First, let’s take a look at the market.
What’s the Market Look Like?
The Sydney real estate market finally showed signs of slowing towards the end of 2017. This brings one burning question to everyone’s mind: what will 2018 hold?
While the real estate market did fall slightly, Sydney still remains one of the most expensive areas to invest in. The demographics in this area are also on the positive side. Unemployment is low and the population growth is still moving in an upward trend. These two factors mixed together helps us keep a positive outlook on the real estate market in Sydney.
However, as with any real estate market, there are a few areas of concern that as an investor you’ll want to keep a close eye on. Potential interest rate hikes paired with the affordability of the properties will all play a key role as we look move deeper into 2018. Despite these factors, the real estate market in Sydney looks strong and will potentially offer a lot of investment opportunities.
What Factors Will Play a Role in Investment Opportunities
Transportation, demographics, and job opportunities will all play a key role when looking for the best investment opportunities. With more young professionals starting to enter the workforce, they’re looking for areas that have good transportation options, lots of activity, and job opportunities in close proximity to where they live.
These three factors are all good things to keep in mind as you’re looking at investment opportunities, especially if you want a property that’s renter based. A younger generation is moving in and helping to make other areas of Sydney have their own independent economies, which means lots of investment potential in the future.
Where are the Best Regions to Invest?
Now for the good stuff, where are the best property investment opportunities in Sydney, Australia? While we would love to tell you everywhere in Sydney is the place to buy, some areas are showing more potential than others.
Parramatta
If you’re an entry-level investor and you’re looking for an up and coming area in Sydney to invest in, then Greater Parramatta is definitely the place you want to be. Fast emerging and experiencing a significant amount of growth and change, this area will soon be the new hotspot of Sydney.
Plans for new transportation systems, more professional jobs across all industries, and promotion of regional activities, are all underway as we look into the future of this region. As you might have guessed, this makes this up a coming area a popular area for investment opportunities. So, if you’re wanting a place with a lot of potential, Parramatta is it!
Liverpool
Like Parramatta, Liverpool is slowly emerging as the new living area for younger professionals. This area is also planning on receiving several upgrades to the area such as improved transportation and newer jobs, that will help create an independent economy in Liverpool. Again, much like Parramatta, if you’re looking for an area with potential looming right around the corner, Liverpool just might be what you’ve been waiting for.
Surry Hills
Areas of long term growth are always a good area to invest in, which is why Surry Hills is a popular area to keep in mind. Surry Hills is close to the light rail line that links the city to the University of NSW. As you can imagine, for students this is a popular area to be since transportation is easy and convenient.
Randwick, Kensington, and Kingsford are also good areas to invest in if you’re wanting a property close to the University. All of these areas will definitely benefit from improved transportation.
Wolli Creek and Marrickville
Something you’ve probably started to pick up on is how effective transportation opportunities play a role in where the good investment opportunities are. For suburbs like Wolli Creek and Marrickville, being in close proximity to public transport draws to eyes of lots of renters.
Lots of young professionals are looking for areas to live that are close to the city, but not in the city. That’s why these suburbs have a lot of desirability right now. They’re prime locations for this group of people.
Popular Investment Areas
As with any real estate, there are areas in Sydney that are always a good investment, especially if you’ve got the money to do it. Areas like Bondi, Coogee, Tamarama, Bronte, Bellevue Hill and Paddington always have tremendous growth potential.
However, there are a few things to keep in mind when looking in these areas. Getting into the market in popular hotspots like these can be difficult, time-consuming, and costly. At Belle Property we are more than willing to help you try to find the right investment property in these areas, but just know the process can be a little trickier in these areas than others.
Investing in Property in Sydney: the Bottom Line
So, as you can see, there are lots of areas for investors to keep their eyes on for future opportunities. Sydney is still growing at a fast rate, transportation continues improving, and young professionals are looking to the city for job opportunities. As an investor, you’ll want to stay on the ball when looking for property in Sydney.
If you would like to discuss property and investment opportunities in Sydney and are seeking professional help, give us a call at Belle Property. We are more than willing to help you find the investment opportunity that works best for you.