FIND YOUR LOCAL BUYERS' ADVOCATE:
    TALKS & PODCAST           CALL US CALL US
1300 655 615
 
 

The
Propertybuyer

Podcast

Hear the latest weekly insights into the property market via podcast by Rich Harvey, CEO and founder of Propertybuyer.

 
Wed 22 Nov '23 with Rich Harvey Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23 with Rich Harvey Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23 with Rich Harvey How Sales Agents Think
 
 
Thu 15 Jun '23 with Rich Harvey Auctions – The Inside Scoop
 
 
Fri 9 Jun '23 with Rich Harvey Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23 with Amanda Jones Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Are the days of the 1-bedder numbered?

May 27, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

You'd have to be living under a rock to not know how prices have surged in Sydney over the past year. While this is great news for current owners of Australian property - it boosts capital growth and leads to more people looking to rent instead of buy - it also acts as a barrier to those still on the fence about buying investment property in Sydney.

The question on many lips at the moment is: Are prices getting out of hand when compared to rental yields?

On a capital city basis, rents were either flat or in decline during the March quarter, according to Australian Property Monitors (APM).

The organisation's Rental Price Series Quarterly Report showed that median weekly asking rents for houses rose 0.2 per cent on a national basis.

"There has been some relief for tenants generally over the March quarter with flat or falling rents reported in most capitals," said APM Senior Economist Dr Andrew Wilson.

At the same time, the New South Wales capital continued to give potential investors plenty to smile about during this time period.

"Sydney, however, continues to record unit rent increases as affordability barriers impact on house rent growth," Dr Wilson continued.

"In Sydney, affordability constraints, together with growing preferences for inner-city apartment living, have seen rents move to a point where the median asking rent for a unit is just $10 less per week than a house."

Meanwhile, the latest RP Data - Rismark Home Value Index Release showed that the pace of price gains in capital cities slowed during April. RP Data's Tim Lawless said that this cooldown in price growth could signal a cycle peak.

Based on these figures, it would appear that prices are starting to become more manageable and unit rents have much to offer investors in Sydney.

The Propertybuyer
Podcast

 
Wed 22 Nov '23
with Rich Harvey
Using Data & AI for Better Property Decisions
 
 
Thu 7 Sep '23
with Rich Harvey
Northern Beaches Real Estate Outlook & Industry Trends
 
 
Thu 20 Jul '23
with Rich Harvey
How Sales Agents Think
 
 
Thu 15 Jun '23
with Rich Harvey
Auctions – The Inside Scoop
 
 
Fri 9 Jun '23
with Rich Harvey
Financing Innovation & Building a Property Portfolio
 
 
Thu 25 May '23
with Amanda Jones
Melbourne Property Insights
 

 

Listen to many more
podcasts on our
Podcasts page.