Today we will look at property investing in Sydney. With real estate in Sydney the most expensive in the country, it can be hard to find properties at a reasonable price point with growth prospects.
The following article by PropertyUpdate identifies boutique (low density) apartments around Sydney's key lifestyle hubs as providing great value - https://propertyupdate.com.au/property-investment-sydney/
On that note, we will look at 4 suburbs identified in this article - Surry Hills, Darlinghurst, Redfern, and Coogee.
SURRY HILLS, NSW 2010
Median Price - $969,000
Rental Yields - 5.03%
Vendor Discount Rate - units selling at approx same prices as listed sale prices
Comments - trendy and energetic suburb with excellent transport links and walking distance from the Sydney CBD. Great cafe culture with various restaurants and shopping options. Reasonably priced with solid rental yields
DARLINGHURST, NSW 2010
Median Price - $827,500
Rental Yields - 5.03%
Vendor Discount Rate - units selling at 5% above listed sale prices
Comments - culturally diverse suburb well located nearby to Sydney CBD with combination of heritage and modern urban architecture. Good price point with solid rental yields.
REDFERN, NSW 2016
Median Price - $1,170,000
Rental Yields - 4.04%
Vendor Discount Rate - units selling at 11% above listed sale prices
Comments - a vibrant and gentrified area with a diverse community. Great location for student and young professionals right near the Sydney CBD area.
COOGEE, NSW 2034
Median Price - $1,342,500
Rental Yields - 3.57%
Vendor Discount Rate - units selling at 5% above listed sale prices
Comments - great suburb with nearby Coogee beach, with easy access to city, schools, and universities. Considered a hotspot given its coastal location, and nice bars and lifestyle catering to a range of people.
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