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

 
Fri 24 May '24 with Rich Harvey Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24 with Rich Harvey Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24 with Rich Harvey How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24 with Rich Harvey Why Invest in Melbourne?
 
 
Mon 26 Feb '24 with Rich Harvey Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24 with Rich Harvey Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

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High-density sector to remain strong in Sydney

June 10, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

As capital city property values begin to cool, you might be wondering what is the best option for a profitable Sydney investment property. According to BIS Shrapnel, it might be time to start thinking vertically.

The recent report Apartments in Sydney Suburbs 2014 to 2019 makes the case that Sydney's high-density apartment market is set to continue strong through 2016 thanks to low vacancy and interest rates.

This is especially evident in the off-the-plan market.

"Off-the-plan sales will continue to remain strong over the next couple of years, underpinning further rises in new high-density apartment construction," BIS Shrapnel said.

BIS Shrapnel forecast a 15 per cent increase in unit prices over the next two years in Sydney, suggesting recent comments that the market is entering a downturn are premature.

Additionally, while investors have led to a rise in apartment values in the New South Wales capital, data also shows a growing trend in owner occupiers entering the sector - a sign of a healthy market.

"Owner-occupiers increased from 39 per cent to 42 per cent of occupied apartment households between the 2006 and 2011 Censuses, with the North Shore, Southern Sydney, and Central Western Sydney regions reporting the greatest level of owner-occupiers," the report continued.

While many people assume the rise in apartment living can be attributed to empty nesters looking to downsize, BIS Shrapnel posits that it's actually younger generations driving the trend.

Of all the local government areas set to attract the new apartment developments, the City of Sydney easily leads the pack. This region is expected to attract 3,700 apartment approvals per annum until 2018/19.

Whether you're thinking about purchasing a luxury penthouse or a starter apartment that will appeal to a young office worker, Sydney is the place to be. With suburbs close to the harbour, the beach or the bush, there are price ranges to suit everyone's budget. Apartment living means you can live closer to the city to cut down the commute and enjoy some downtime when you get home from work.

Our buyer advocates can help you find the type of property you're looking for, as well as advise you on how to get the most out of your new purchase.

The Propertybuyer
Podcast

 
Fri 24 May '24
with Rich Harvey
Granny Flats: Boost Your Yields & Faster Mortgage Repayments
 
 
Fri 3 May '24
with Rich Harvey
Unpacking the Northern Beaches with Incredible Agents
 
 
Fri 29 Mar '24
with Rich Harvey
How to build a $7 Million Property Portfolio from scratch
 
 
Sat 16 Mar '24
with Rich Harvey
Why Invest in Melbourne?
 
 
Mon 26 Feb '24
with Rich Harvey
Sydney’s Inner West – Hotspots and Outlook for 2024
 
 
Mon 12 Feb '24
with Rich Harvey
Decoding Sydney’s North Shore Market – Outlook and Opportunities.
 

 

Listen to many more
podcasts on our
Podcasts page.