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The
Propertybuyer

Podcast

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.
 

 

Listen to many more
podcasts on our
Podcasts page.

 
 
 

Propertybuyer Blog
Property advice, market updates & more

 

Population growth in Sydney benefits investors

April 10, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

More people translates to a greater need for homes, and the latest population data from the Australian Bureau of Statistics (ABS) illustrates why Sydney remains a premier location for Australian property investment.

The ABS recently reported that capital cities boasted more than three times as many new residents during the year ending June 2013 than the rest of Australia.

"In 2013, two in three (66 per cent) Australians lived in a capital city, a slight increase since 1973 when 65 per cent lived in a capital. By 2053, this share is projected to increase to 72 per cent," said ABS Director of Demography Denise Carlton.

"That equates to 28 million people living in the capitals in 2053."

Meanwhile, 89 per cent of growth in capital cities during the last 40 years occurred in Sydney, Melbourne, Brisbane and Perth. Sydney alone grew by nearly 1.7 million people between 1973 and 2013. And between 2012 and 2013, NSW as a whole saw population growth of 1.4 per cent, second only to Victoria during this time period.

Sydney's inner-west region was highlighted by the ABS as seeing some of the largest and fastest growth from 2012 to 2013, with the Concord West - North Strathfield statistical area boasting a 6.4 per cent increase in population.

This could be particularly good news for potential property investors in the rest of the inner-west region, including Rozelle, Leichhardt, Chippendale, Petersham and surrounding suburbs.

However, with increased population comes more competition for finding and purchasing homes. This makes a qualified buyers agent in Sydney a valuable ally.

These professionals can assist investors with hunting down potentially profitable properties and help them negotiate as low a purchase price as possible.

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.