Sydney Property Market
Sydney has been voted as one of the most livable cities in the world. With a growing multi-cultural population of over 4.5 million people we are blessed with a range of features that make our property market highly sought after by local and international buyers. Some of the key reasons why buyers choose to buy Sydney real estate include:
- A diverse range of modern and classic housing styles with some of the best real estate in the world.
- Excellent lifestyle benefits – famous surfing beaches (Bondi, Manly)
- A beautiful harbour, restaurants, entertainment and sporting facilities and fabulous natural landmarks.
- Resilient, stable and growing economy
- Very stable political environment
- An attractive climate with very mild winters and warm summers
- Abundant natural resources
- Highly educated workforce
- High levels of immigration
- Very friendly, diversified and laid back culture
- World class medical facilities
- Low pollution
Sydney is a world class city with a beautiful natural harbour, pristine beaches and was home to the 2000 Sydney Olympic Games. Purchasing a property in the Sydney real estate market is a wise decision that will provide substantial capital gains over the long term. Our Buyers Agents can help you purchase your dream house in Australia and help you navigate the dynamic property market in Sydney for a home or investment property.
The value of Sydney property market has traditionally doubled in value every 7-10 years over the last 100 years. Sydney’s current median price in 2016 is currently around $1.030,000 for houses and $670,000 for apartments.
Leading economic forecasters BIS Shrapnel predict Sydney house prices will continue to have modest but consistent growth in the years ahead. Sydney’s real estate market has boomed during 2013-2015, and we are now in a new property growth cycle and situation of continuous under-supply. Much of the last boom was catch up growth and the 10 year growth rate was a very respectable 7.11% pa according to Residex.
The competitive nature of the Sydney real estate market is evidenced by tight supply and rising prices for high demand lifestyle suburbs.
Sydney is surrounded by national parks and contains large areas of natural bushland scattered throughout suburban areas. The Sydney property market can be divided up into 9 major zones: Eastern Suburbs and CBD, Northern Beaches, Lower North Shore, Upper North Shore, Hills District, Inner West, Southern Suburbs and Western Suburbs. Identifying the hotspots of capital growth for Sydney requires strong market knowledge and analysis. propertybuyer closely monitors the Sydney market and advises local and international clients on suburbs that are likely to provide significant long term capital growth.
Sydney provides investors one of the best places to invest in real estate in the world. Australia’s economic growth rate was very resilient during the global financial crisis and was one of the first economies to rebound into positive growth. A strong domestic economy resilient to international shocks and with a stable government provides an excellent platform for property investing.
With our head office is based in Sydney, our buyers agents are uniquely positioned to give you the local knowledge you need to find your ideal property – We assist buyers with all budgets from prestige, upgraders to first home buyers.