We came across an article today written on Live Wire Markets stating the drivers for a Sydney property market boom commencing in 2026 - https://www.livewiremarkets.com/wires/the-ex-adviser-who-says-sydney-s-next-property-boom-starts-in-2026.
The article says that while Sydney is expensive, it's being seen as 'exclusive' for many, and an area where there is serious money to be made.
A key driver identified for growth is based around the federal government policy to lift caps under the First Home Buyer Guarantee, enabling eligible buyers to purchase with a 5% deposit with no LMI.
This will allow people to purchase a home more easily without the large amount of elapsed time needed to save for a 20% deposit.
Overall migration levels are continuing, and there are still not enough houses being built to keep up with demand. Rental vacancies are continually tight, with interest rates trends down, and rents in key locations in Sydney continuing to rise.
The article goes on to state 2 key market picks in Sydney:
* Penrith - for free standing houses
* Campsie - for apartments