Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Sydney inner west shows potential

Staff Reporter 3 minute read

Kate Miller

It’s not the nation’s capital city, but when it comes to the Sydney property market, there’s no doubt its super sized and super priced housing often makes it centre stage.

According to Australian Property Monitors chief economist Andrew Wilson, one area in Sydney that is showcasing strong buying opportunities for investors is the well-located inner west and inner south west.

“I think the struggle to get closer to the CBD, to commute, is becoming more profound for Sydneysiders and any areas that still remain within a reasonably affordable band are a good opportunity for investors,” he said.

Advertisement
Advertisement

"Prices in this region are already growing as a result of their increasing popularity but they still, generally, offer more affordable buying opportunities than their more mature Eastern suburb counterparts and certainly much opportunity for upward growth."

Lilyfield, which borders Leichhardt, has a median house price of $928,000 according to RP Data figures.

This compares to a median price of $1.4 million in Paddington, one of its Eastern suburb counterparts.

Sydney inner west shows potential
default
TheAdviser logo

The not-to-be-missed Accountants Daily Strategy Day will travel through Melbourne and Sydney in August to equip accounting professionals with the latest industry updates and tips for modern practice management as well as the latest cutting-edge technology, processes, strategies and trends shaping the future of accounting. Visit the website for more information: www.accountantsdaily.com.au/strategy-day

PROMOTED CONTENT


default

 

more from the adviser
damian zaleski RYyr k3Ysqg unsplash

Breaking News

GetCapital launches broker platform

The business lender has rolled out a new broker platform, as it h...

fixed rate

Breaking News

Loyalty tax issue flagged to MPs

Brokers are key to holding lenders to account to ensure borrowers...

trade deal contract

Breaking News

Connective launches trail book marketplace

The aggregation group has announced a new arrangement with a spec...