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.

 
Fri 14 Jun '24 with Rich Harvey Tax Effective Property Investment Strategies
 
 
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
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Just how big is the apartment boom in Sydney?

August 28, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

There has been further backing of the Harbour City, with industry analyst BIS Shrapnel stating the inner Sydney apartment unit market will continue to boom in the next couple of years. 

This is due to a number of factors: large-scale investor demand, diminishing vacancy and interest rates, as well as the anticipated rise in prices over the next few years.

Mr Angie Zigomanis, senior manager at BIS and report author, says that investors came to Sydney's apartments because of the low interest rates, and have stayed for the capital gains. While the vacancies have stayed slim for now, there is a lot of construction still to be completed - this should see even more investment come through. BIS Shrapnel estimates there will be a whopping 11,500 apartments finished in the next three years alone!

There is expected to be a jump in owner-occupiers moving into apartments, but not enough to keep up with construction, so there will be a healthy flow of units available for investment.

Mr Zigomanis also expects the median price for inner Sydney apartments to increase about 6 per cent annually over both 2014-2015 and 2015-2016, making these units a mouthwatering prospect for potential investors in the central city market. They expect this to keep going through to a total of 21 per cent price growth for apartments by 2021. 

If you have been looking to buy investment property in Sydney, these figures will be music to your ears. Strong growth and more housing units to come means the conditions to invest are perfect. If you don't have a buyers agent for Sydney then now may be the time to get one. Through a long list of contacts, they can access property before it goes for public sale - getting your foot in the door on these apartment profits ahead of the market.

The Propertybuyer
Podcast

 
Fri 14 Jun '24
with Rich Harvey
Tax Effective Property Investment Strategies
 
 
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
 

 

Listen to many more
podcasts on our
Podcasts page.