As we look back on what has been a very impressive and fruitful Sydney market, we need to take stock of what the immediate future may hold. Right now there are less than a quarter of the rising markets in Sydney than there were 4 years ago, with each and every year consistently reducing its rate of postcodes on the rise. With this information in hand the question should now be “Where are the NEXT rising suburbs?”
While some postcodes located in Sydney’s Northern Beaches are showing no such signs of slowing down, many Sydney markets, after a very strong run over the past 4 years, are starting to show signs of cooling off. This is a completely normal part of the property life cycle, and in some ways should be welcomed by those who own in the area.
New figures are showing that the average price for a house in Sydney is now over the $1.1 million mark, and units well above the $800,000 price point. For markets to remain robust, as well as affordable, prices need to rise in a controlled manner so a slow down should be welcomed.
Thanks to this recent rise in Sydney we are truly seeing the ripples from this impressive 4 years roll out to other parts of the state as they start to take advantage of good buying conditions. For example, regional NSW as a whole currently possesses 51 rising markets and is showing no sign of slowing down, and virtually all areas offer an affordable price point.
If this most recent capital city surge is running out of steam, where will the next one be? Ideally we’d want to buy somewhere where the data matches what Sydney was showing us 4 years ago when investors who were following my research were buying dozens of properties in the area. To find out all the details on exactly where I think the next quality rising markets will be, claim your free seat at our next Investor Meeting where I’ll be breaking down these postcodes in detail.
We are also starting to see further evidence of what I first forecast almost 12 months ago of markets beginning to split in performance.
Results from the fourth quarter of last year have proven that positive growth in housing stock and negative growth in apartments is now occurring at the same time, an often within the same suburb.
I believe this divide will continue to grow in markets where unit supply is extreme, and the value of houses remains in high demand.
To hear more about my current productions for markets around the country be sure to register now for my next free investor meeting by clicking here.