Recent research indicates that
the real estate market in Sydney remains expensive when compared to other areas
throughout Australia. That does not mean, however, that there are not excellent
opportunities for those looking to purchase, rent or invest in real estate.
The gap between Sydney prices of property investment Sydney
and those in other areas is closing somewhat, as the rise in costs appears to
be moving more slowly in Sydney than in surrounding cities.
Many homeowners have seen prices
and values dip slightly over the past few years in Sydney, while values have
grown in other areas. This provides a significant opportunity for those looking
to add real estate to their holdings, whether as an investor or owner. Whether
one is looking for moderately priced housing or high-end residences, there are
many places available. In fact, several suburbs throughout the Sydney area are
showing great growth and prestige after a lengthy hibernation.
Areas such as Pymble, Killara,
Gordon, Warrawee and Bremon are showing invigorated prices and activity. The
options are prestigious and costly for many, but for those with the funds, the
areas are expected to stay quite desirable. In terms of more moderate housing,
many agents throughout the Sydney area are looking to Erskineville as the
suburb to watch. Prices are still manageable for many families and the area
shows excellent opportunity for capital growth and rental yield. The population
in the area is growing and all indicators are that the housing throughout the
suburb is likely a good investment.
While some are looking to rent or
purchase in an area that is already found to be pricy and prestigious, others
are seeking areas thought to be more of a hidden gem. Some would say
Darlinghurst, for example, is an area to explore since it is often overshadowed
by Surry Hills. Redfern is another area that is often being thought of in the
same regard. Surry Hills is becoming a very popular area with its urban living
and convenient selection of restaurants and bars.
Those with a budget available can
find many opportunities throughout the Sydney area. Apartment rentals are
readily available in a variety of price ranges, and the home-buying market is a
good place for buyers agents Sydney at the moment. Investors can certainly find
excellent opportunities, especially in a number of neighborhoods that are on
the verge of transforming into high demand areas. While Sydney has had the
reputation over the past few years as being more expensive than other nearby
areas, the market is achieving some balance and this works in the favor of
those seeking a new home.
Families looking for both rental and ownership
opportunities throughout Sydney often are seeking a good value, proximity to
the city and a smaller, village-type atmosphere. Some specifically want the
more prestigious areas of the city, while others are open to developing hot
spots or areas that are less prominent with the potential for improvement.
Experienced agents can help tailor each family's needs and budgets to explore
the Sydney real estate and apartment market to find the perfect match.
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