Optimism in the air for Sydney
August 25, 2014 / Written by Rich Harvey
By Rich Harvey, CEO, propertybuyer.com.au
New South Wales is leading the way in economic optimism since the federal budget was revealed, and taking a look around at property investment in Sydney, it isn't hard to see why.
Allianz just released the latest Future Optimism Index alongside Newspoll, and our state is tied with South Australia as the most optimistic about the economy, with a score of 14 points on the index. While this is down from our optimism levels of a few years ago, it's a strong return from the budget that shows our resilience and desire to keep on building and buying. This is especially good when you consider that this budget was deemed quite tough - Sydney just can't stop!
Home price growth here in the Harbour City is strong, sitting above the national average, according to the Australian Bureau of Statistics - this means there is a very healthy interest in buying investment property in Sydney. Our buyer agents can take the hassle out of finding the right property for you, seeking out the best investments based on what you want. We'll get you a foothold in areas of growth so that you can reap the rewards down the line, especially if you're looking to buy in inner west growth areas like Lilyfield or Drummoyne.
Not every state has completed this post-budget optimism cycle, which is why it is important to get in while the going is good. Our expert buyer agent teams can help you harness this economic optimism, so you can expand your portfolio with positive cashflow properties that will increase in value as these strong confidence levels keeps on going. You won't just be forming a crucial part of positive movement in the Sydney and New South Wales economies, you will be getting on board to a more profitable future for yourself!
