Sydney has been the poor performer compared to other Australian state capital cities in recent years mainly due to the very high prices for property after strong growth for the preceeding 5 years. However, now that other cities have seen considerable price growth, the gap has narrowed and Sydney may well again prove to be a good performer over the next few years as the markets pick up again following the global credit crisis.
Two major trends that help identify areas likely to show solid Capital Growth are typical of most big developing Cities:
1: Convenience Living
Clearly demonstrated by the demand for property of all types close to convenient transport routes.
2: Lifestyle Living
Both the Central Coast (to the North) and the South Coast are thriving areas where a fantastic family lifestyle can be obtained in exchange for the need to commute to the City to work, or alternatively, are ideal locations for those able to now work from home.
While we are not presently recommending Sydney as a current investment region it is one we are keeping a close eye on.
