A little about Sydney
Sydney is Australia’s largest city by number of people and has historically seen some amazing growth during certain periods of time. The median price in Sydney for a house is around $800,000 and units around $650,000 (May 2014). The city is well known as the Financial and Business hub of the country. Its exclusive waterfront homes are prized possessions to some of the con tries wealthiest people.
The harbour city provides unparalleled lifestyle opportunities with secluded bays and beaches, surf breaks, national parks aplenty, high end fashion strips, lookouts with million dollar views plus the arts culture of the city.
Australians and overseas visitors flock to the city to get a slice of the action. With a large range of locations differing in what they provide residents and sydney property investors including the beach side suburbs of the South East, The idyllic Northern beaches, Inner city and out to the affordable western suburbs.
Investing in property in Sydney
The Inner West of Sydney comprises of suburbs like Newtown, Erskineville, Chippendale, Darlington, Camperdown and the University of Sydney and can make an excellent location if you love the arts as the area is famous for its pubs and live music scene.
The suburbs just east of the CBD are a great option if you are looking for a location on the water where you’ll find an array of stylish restaurants and bustling nightlife areas in Potts Point, Woolloomooloo, Elizabeth Bay, Kings Cross and Rushcutters Bay.
Buying an investment property in the inner-east suburbs of Paddington, Darlinghurst, Redfern East, Centennial Park, Moore Park or Surry Hills may be a great choice if you are looking for a destination that combines a great lifestyle with easy access to the city where you’ll find plenty of trendy boutiques and unique bars and eateries here.