Real estate is still affordable in selected suburbs in Sydney for those who are on a budget.
This article by RealEstate identifies suburbs in Sydney where a $50,000 deposit can fetch you real estate in solid locations - https://www.realestate.com.au/news/sydney-boom-suburbs-where-you-can-buy-a-home-with-50k/.
Buying a unit can be a smart step to start your property journey. Check out 5 suburbs quoted in the article visualised in the Suburb Capital Growth report below.
These suburbs are all below the $500,000 price bracket for units except for Regents Park which is only marginally higher. All of these suburbs have also barely grown the last 10 years, not only making them affordable but also poised for growth meaning that can make excellent investments.
Liverpool, NSW 2170 - $490,000
Wiley Park, NSW 2195 - $435,000
Harris Park, NSW 2150 - $478,000
Jamistown, NSW 2750 - $485,000
Regents Park, NSW 2145 - $570,000
Harris Park median units are actually worth less now than what they were in 2015.
