A number of new apartment, townhouse and integrated urban neighbourhood developments are being developed in high-growth areas outside of Sydney’s inner-suburbs, presenting a fantastic opportunity for investors in 2020.
With housing prices reported to be on track to return to boom-era levels over the next year, now could be the ideal time to invest.
A survey by the Property Investment Professionals of Australia (PIPA) has found that investor confidence across the Australian property market is still strong, with 58 percent of investors saying that they are looking to buy within the next 6 to 12 months, and 71 percent saying that now is a good time to invest in property.
This is encouraging for investors looking to snap up a piece of Sydney real estate in 2020, and competitive property prices combined with strong rental yields in growth areas such as Sydney’s west create a compelling reason to invest outside of the premium priced inner-suburbs.
This expansive development in Liverpool in is the ultimate in integrated living, with completed architecturally designed studio 1, 2 & 3 bedroom apartments available, plus a plethora of on-site shops, restaurants and lifestyle amenities. The average house price in Liverpool is $690,000, with a median rental return of $450. This makes the starting price point at The Paper Mill of $399,000 extremely attractive for investors. Based on 5-year and quarterly capital gains Liverpool has seen growth in the long term – another attractive prospect for potential investors.
Situated in Edmondson Park, Ed.Square is an urban neighbourhood full of restaurants and cafés, shopping and entertainment, playgrounds and parklands, as well as 1, 2 and 3 bedroom apartments great for investors. With prices starting from $470,000, this development offers an opportunity to break into the Edmondson Park property market, where the median house price for a 4 bedroom home is $846,000. On average, rental properties in this locale fetch $500 per week for a 3 bedroom home, reflecting an increase in returns based on the current median price.
With an average house price of $857,000 and a median rental return of $550 a week, purchasing an apartment from $474,000 at Spring Square by Poly in Bankstown is an ideal investment opportunity. The suburb delivered a strong performance in contrast to other Australian suburbs, with property values consistently appreciating over the past 5 years. Investors saw the median home price rise to $871,500. The average weekly rental return in Bankstown reflects a 3.28% increase in returns based on the current median price.