Posted April 04, 2019 05:24:33The capital city has long been a favourite destination for investors.
The Sydney Morning Herald’s new home for real estate in Sydney has been the most-read daily property section of the paper since it was launched in 2012.
In fact, the average daily readership of The Sydney Times’ property section was the highest of any major Australian city, according to data compiled by DomainMarket.com.
While Sydney has always had a strong housing market, it’s been especially hot in the past decade.
With house prices rising in the city and with supply limited, Sydney has now become the country’s most-desired property investment destination.
“We’ve seen the market accelerate as more people move to the city,” property expert Nick O’Connor told The Sydney Tribune.
“This has helped the property market, with Sydney seeing an average annual gain of more than 15 per cent since the start of the financial crisis.
The key to Sydney’s growth is not just its high supply of houses, but also the ability to build more and more housing over time, and to create a stable market with affordable prices.”
If we continue to grow, we’ll be able to continue to attract more investors to Sydney and our capital.
“Read more at The Sydney Observer.