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 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, home building gains a boon for NSW

July 25, 2014 / Written by Rich Harvey

 

By Rich Harvey, CEO, propertybuyer.com.au

Wondering where to purchase Australian investment property? Knowing how an area is performing economically should be high up on your list of factors to consider.

Fortunately, the latest State of the States report from CommSec just made that task much easier.

Focussing on eight key indicators - economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements - the report should provide both first-time investors and seasoned portfolio managers with the data they need to make an informed decision.

Unsurprisingly, the data regarding New South Wales should give those looking to buy investment property in Sydney plenty to smile about.

According to the report, NSW is the third-strongest economy in the nation. And even better for potential investors in the real estate market, it's undergoing a boom in population growth.

"Western Australia is the clear leader in population growth with an annual growth rate of 2.88 per cent," the report stated.

"But while NSW has a lower growth rate at 1.50 per cent, this is 30.8 per cent above the decade average. Western Australia's population growth is 10.7 per cent above the decade
average - third strongest."

Additionally, for those worried that inventory in NSW was too tight to find an affordable deal, news regarding home building should come as a welcome surprise.

The report stated NSW is the strongest state in the country for new home construction, boasting dwelling starts nearly 45 per cent above the decade average. In fact, as of the March quarter, the number of dwellings being built was 19.6 per cent higher than the year before.

However, investors should keep in mind that NSW is playing catch-up when it comes to home building, so demand is still above supply.

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.