Investment Property Sydney - Still A Hot Investment?
Sydney is an iconic Global city with a huge population of over 4.5 million people and a thriving economy worth nearly a quarter of Australian National GDP. With stunning infrastructure seen in the likes of the Sydney Opera House and the Sydney Harbour Bridge, alongside a rich inheritance from the incredible Olympic Games of 2000, it is undoubtedly one of the top cities in the World.
However, the question is, is property in Sydney an attractive investment for the future?
In the following article we aim to answer this as convincingly as possible by looking at a range of different data to see if there is likely to be long-term property price growth in this most impressive of cities.
Factor #1 - Big Rises Achieved, Even In Tough Economic Times!
One of the startling facts about acknowledged "World Cities" such as New York, London and Sydney is that, to a certain degree, they are immune from adverse economic conditions in a way that lesser cities are not. They are such attractive cities to live and work in that the property prices tend to go up regardless. This was demonstrated in both 2009 and 2010 - when much of the World economy was incredibly sluggish - by the fact that Sydney property prices rose by an impressive 14.2% and 6.3% respectively. This is very encouraging for those of you wishing to place your hard-earned money in Sydney property because it indicates its ability to weather any economic storm.
Factor #2 - Outstripped Growth In Nearly All Australian Cities In 2012!
If you are presently weighing up your options about which Australian city to invest in then something worthy of strong consideration is the fact that, in 2012, only one city (Darwin) in the whole of the country grew faster in prices than Sydney. Even though many other Australian cities fell short in terms of price growth in 2012, Sydney managed to post a 1.5% growth figure which "bucked the trend" and further demonstrated how stable a bet it is.
Factor #3 - 233% Growth Over A Period Of 17 Years!
When investing in an investment property what you are looking for is steady long-term growth. Yes, there can be fluctuations from year to year but, whether a property investment is deemed a success or not will be judged on growth measured over decades. This is where investment property in Sydney sends all the right signals. Over a 17 year period between 1993 and 2010 the prices of property here rose by 233% from just over $188,000 to over $625,000 - a tremendous investment. Given the desirability of Sydney and the strength and growth of its economy all signs point toward this level of price growth continuing for a long time to come.
Extra Consideration - Investment Properties Further From The City Centre?
If you decide upon investing in Sydney's property market then it is well worth spending some time carefully considering which part of the city to buy in. At present, some of the most impressive returns on investment are seen in the suburbs of the city. Whatever the reasons for this growth in Sydney's suburban house prices - perhaps professionals looking for more space to raise their families - the returns are presently very attractive and it is worthwhile inquiring about the options with your chosen property agency.
Summing Up!
All in all Sydney continues to be a very attractive city for property investment, especially for those willing to look beyond the city centre to the suburbs.
I trust you have found this article informative about investment property. Check this out for more information about investment property Melbourne.
However, the question is, is property in Sydney an attractive investment for the future?
In the following article we aim to answer this as convincingly as possible by looking at a range of different data to see if there is likely to be long-term property price growth in this most impressive of cities.
Factor #1 - Big Rises Achieved, Even In Tough Economic Times!
One of the startling facts about acknowledged "World Cities" such as New York, London and Sydney is that, to a certain degree, they are immune from adverse economic conditions in a way that lesser cities are not. They are such attractive cities to live and work in that the property prices tend to go up regardless. This was demonstrated in both 2009 and 2010 - when much of the World economy was incredibly sluggish - by the fact that Sydney property prices rose by an impressive 14.2% and 6.3% respectively. This is very encouraging for those of you wishing to place your hard-earned money in Sydney property because it indicates its ability to weather any economic storm.
Factor #2 - Outstripped Growth In Nearly All Australian Cities In 2012!
If you are presently weighing up your options about which Australian city to invest in then something worthy of strong consideration is the fact that, in 2012, only one city (Darwin) in the whole of the country grew faster in prices than Sydney. Even though many other Australian cities fell short in terms of price growth in 2012, Sydney managed to post a 1.5% growth figure which "bucked the trend" and further demonstrated how stable a bet it is.
Factor #3 - 233% Growth Over A Period Of 17 Years!
When investing in an investment property what you are looking for is steady long-term growth. Yes, there can be fluctuations from year to year but, whether a property investment is deemed a success or not will be judged on growth measured over decades. This is where investment property in Sydney sends all the right signals. Over a 17 year period between 1993 and 2010 the prices of property here rose by 233% from just over $188,000 to over $625,000 - a tremendous investment. Given the desirability of Sydney and the strength and growth of its economy all signs point toward this level of price growth continuing for a long time to come.
Extra Consideration - Investment Properties Further From The City Centre?
If you decide upon investing in Sydney's property market then it is well worth spending some time carefully considering which part of the city to buy in. At present, some of the most impressive returns on investment are seen in the suburbs of the city. Whatever the reasons for this growth in Sydney's suburban house prices - perhaps professionals looking for more space to raise their families - the returns are presently very attractive and it is worthwhile inquiring about the options with your chosen property agency.
Summing Up!
All in all Sydney continues to be a very attractive city for property investment, especially for those willing to look beyond the city centre to the suburbs.
I trust you have found this article informative about investment property. Check this out for more information about investment property Melbourne.