Sydney’s current market conditions are not the best the country can offer, according to Aviate managing director Neil Smoli. Based on their research, Sydney’s market has been overheating and no longer holds good value, as it is the costliest city in the nation. He pointed out that purchasing a one – bedroom apartment in Sydney costs at least $500,000. The affordability issue hampers diversity in the investor’s portfolio. He adds that investors are taking in a huge risk of not having equity growth, or even worst – no equity in a three to five year span.
He points out to other capital cities that are brewing with potential, particularly Brisbane stating that there is huge demand in this city for residential dwellings, and calls it an undersupplied market.
Read more about this on the Smart Property Investment website.