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The
Propertybuyer

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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
 

 

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Opportunities still exist in Sydney's hottest suburbs

July 9, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Beautiful homes, prime location and access to world-class amenities - sounds expensive, right? While there's no doubt Sydney has seen significant price growth in recent months, particularly in some of its more sought-after areas, home buyers still have a chance to scoop up great properties in premier suburbs.

As part of its July 2014 Month in Review report, Herron Todd White explored which areas offer the best opportunity for house hunters seeking a relatively affordable deal.

"Every year in July we take a hypothetical half million dollars and ask our offices to give their advice on where investors should be looking to spend it," the report stated.

"While many buyers may have given up hope of investing $500,000 (or less) in Sydney and gaining a first home or neutrally geared asset, opportunities do still exist, if you know where to look."

In order to afford a property at that price in Sydney, you'd likely have to sacrifice location, right? Wrong!

"A prime area for such an opportunity is Sydney's perennial overachiever, the Eastern Suburbs," the report continued.

"Specifically the inner eastern corridor from Surry Hills through Darlinghurst to nearby Potts Point, where you can still purchase studio and some 1-bedroom units for under $500,000."

If you're a first home buyer hoping to achieve an inner-city lifestyle, these properties could be an ideal match.

Meanwhile, the report showed that first-time buyers looking for more space may want to focus their attention on the city's west. Not only would those with $500,000 see opportunities for units, they'd also find a selection of detached family homes.

Of course, finding these properties can be much easier said than done. Fortunately, a Sydney buyers agent can help you zero in the properties throughout the city that suit both your needs and your bank account.

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.