5 Reasons to be optimistic about Sydney property

Despite all the negative news in the press, there are many reasons not to worry about the future of Sydney’s real estate markets. Recently Dr. Andrew Wilson, Australia’s leading independent property economist, took the time to speak to many of our clients at our Sydney Seminar. In case you missed it, here are 5 of the key points he made:

1.The Sydney property market is slowly regaining its confidence and the underlying fundamental growth drivers remain strong. The current market slowdown is being driven by negative sentiment thanks to the media, rather than by poor fundamentals.

2.With demand for property rising in Sydney at a time when the pipeline of new stock is falling, this means higher prices are likely to come in the second half of this year and rents will start rising. The current property market downturn is temporary, while the long term increase in value of well located. Sydney properties is permanent. Housing demand is currently also being supported by solid first home buyer activity.

3.Sydney remains the destination of choice for international migrants.

4.Sydney is still a powerhouse of jobs creation. 

5.Apartment living is becoming more popular in Sydney.
This is partly due to affordability issues, but other factors include, lifestyle, convenience, value and security. Apartment living there will be a continuing strong demand for apartments in Sydney from, families downsizers and empty nesters.