As one of Australia's largest cities, Sydney is an attractive investment prospect for residential property investors looking to diversify and boost their portfolios. However, with economists warning that house prices could fall by up to 25% in Sydney in 2019, it's vital that investors choose their target properties wisely. How can investors maximise their chances of securing a high ROI if they choose to invest in Sydney, especially this year? Here's what you need to know before committing to a Sydney-based residential investment property. The Importance of Being Updated Just like anywhere else, Sydney is subject to market fluctuations, regulatory changes, and population movement. The good news is that it's possible to be prepared for these fluctuations, and property investment advisors in Australia understand precisely which locations are set to perform well, and where market demand is growing. To secure a profitable investment in the Sydney residential property market, investors need access to the most up-to-date information on market variables and be informed regarding property investment insights. Why Choose Sydney for an Investment Property? Despite the projected downturn in Sydney's house prices, there are still plenty of reasons why Sydney makes great sense for property investors in the long-term, such as the ones below.
- A recent $5 million government investment in Western Sydney is set to attract an influx of SMEs, jobs, and economic opportunities.
- Sydney accounts for almost 50% of Australia's overall economic growth.
- New-build properties are still very much in demand.