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

 
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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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More Australians seeking out strata living

March 21, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Trends may come and go, but making money in real estate investment often comes down to knowing which way the wind is blowing.

If you're a Sydney property buyer wondering which investment strategy makes the most sense at the moment, look no further than the growing strata trend.

Strata title, or individual ownership in part of a property, is becoming increasingly popular in New South Wales.

"The escalating cost of buying real estate is forcing a greater proportion of the younger population into medium- to high-density living," said Real Estate Institute of New South Wales Director Gary Adamson.

"At the same time, growing numbers of aging members of the population, who are also the fastest growing portion, are no longer able or willing to maintain the quarter acre block, which means moving into strata dwellings."

In short, both younger and older Australians are seeking out accommodation in strata properties. If you're hoping to purchase a cash flow positive property, it appears all signs are pointing to strata.

Mr Adamson went on to say that due to long-term government urban consolidation policies in NSW, zoning for medium- and high-density homes has increased while zoning for single dwellings has declined.

"As a result, the development of strata and community title properties now exceeds the number of free-standing dwellings being constructed in NSW and the move is expected to accelerate in years to come," Mr Adamson said.

Whether you're looking at strata properties in the inner west, eastern suburbs or north shore, the benefits remain the same. Costs for upkeep are generally much cheaper than those for a free-standing home, and since you'll be paying strata levies on a regular basis toward maintenance, you can be sure that your investment will be kept in good condition.

At the same time, paying these fees can be a turnoff if you wish to own your own investment property free and clear.

Regardless, if the trend of more and more people seeking out strata living continues, moving into this market as an investor seems to be a logical choice.

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.