2014 will see Sydney settle into the growth phase of a new property cycle.
Predictions of 5-10 per cent growth are likely to see the best performing markets shared by both inner city suburbs and beachside locations.
New rail links to the northwest will boost suburbs in the Hills district and the new inner east light rail will benefit Kingsford and Kensington. Suburbs close to major educational institutions will continue to benefit from the influx of Chinese buyers.
High demand and short supply in properties under $1M will spread focus into both blue chip suburbs and any affordable regional areas. Strong population growth will continue to fuel demand for housing.
Property values rose faster than rental rates which might send investors looking for better value in other cities like Brisbane, where they are experiencing higher yield.
Sydney’s southwest will open up with the development of more than 3000 homes in Catherine Field, near Campbelltown.
No matter when you move, you will always get significantly better value for money and more flexibility in timing in regional areas. If you’re looking to buy with the long-term view of retiring, good rental demand, capital returns and strong yields can all boost the value of your investment.
Infrastructure improvements are boosting activity in Newcastle, the Central Coast and Wollongong, with Wagga Wagga, Albury, Kempsey, Orange and Tamworth offering good yields.
Following an increase in input from resources can be a bonus, with areas like Dubbo, Narrabri and Gunnedah enjoying investment and interest from mining and agricultural entities.Whether you’re looking in your local area or further afield, I can help you with the property loan you need to achieve your goal. Call me to discuss your ideas and options and I will find you the best interest rate deal possible.