Beach life, urban architecture and great economy make Sydney one of the best cities in the world. Home to over 5M people and growing 1.7% every year, Sydney is a great city to invest in.
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Beach life, urban architecture and great economy make Sydney one of the best cities in the world. Home to over 5M people and growing 1.7% every year, Sydney is a great city to invest in.
Positive economic growth and great quality of life are the reason for increasing property prices in Sydney. Sydney accounts for almost 50% of the economic growth in Australia, with increase in demand for both residential and commercial properties.
Within the city center, apartments are sold for $9,723.05/sqm and outside the center, prices are $5,724.91/sqm. Average rental prices in the city center are around $3,048 for 3 b-d and outside the center, prices are $1,990 for 3 b-d. Rental yields across the city are on average 4.22%, with vacancy rates as low as 2.8%.
Coogee - a perfect neighborhood for those looking for work, vacation or investment opportunities. The average prices are $1.65M for houses and $760,000 for apartments.
Kensington - Just 6km away from the Central Business District, Kensington is considered an upscale area, with a compound growth rate of house prices of 6.5%, and a 2.7% compound growth of apartments in a year.
Granville - this suburb has rental yields like no other, with 3.5% for houses and 4.9% for apartments. Average prices are $466,000 for houses and $280,000 for apartments.
Don’t waste time - invest in Sydney!
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