My opinion is that investors should be looking at Western Sydney for fantastic opportunities. Why?
Sydney is coming out of a downturn
Vacancy rates are negligible
Land supply is minimal
Rents are going up
New infrastructure has been or is getting built
Immigration, over a third of new Australians settle in Sydney
Low building approvals (1950's levels)
What properties to look for? Again just my opinion (but it's worked for me)
New apartments min 2 bed, 2 bath
Close to public transport/shops
Price range $250k-$400k
Suitable to local demography
The best advice I was ever given is don't invest anywhere with a population less than 250 000
Although one area that goes against this that I invest in and believe will continue to grow at some rate (driven from the baby boomers retiring) is Bundaberg.
Sydney is coming out of a downturn
Vacancy rates are negligible
Land supply is minimal
Rents are going up
New infrastructure has been or is getting built
Immigration, over a third of new Australians settle in Sydney
Low building approvals (1950's levels)
What properties to look for? Again just my opinion (but it's worked for me)
New apartments min 2 bed, 2 bath
Close to public transport/shops
Price range $250k-$400k
Suitable to local demography
The best advice I was ever given is don't invest anywhere with a population less than 250 000
Although one area that goes against this that I invest in and believe will continue to grow at some rate (driven from the baby boomers retiring) is Bundaberg.
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