Toggle Menu Header



Mortage Broker , Sydney Region

NSW/VIC: Adverse effect of climate on ranking of Sydney and Melbourne as the real estate investment destinations

2Mo ago 0 Replies 134 Views
Sydney and Melbourne have both fallen in their ranking among globally attractive real estate investment destinations, based on an analysis of cities around the world and their economic prospects by global investment manager Heitman.
Sydney fell from seventh spot to 10th and Melbourne from 17th to 19th on Heitman’s “prime” real estate market ranking.
Environmental concerns – such as rising sea levels and extreme weather events and the impact they have on insurance – was one of the factors weighing on their otherwise strong investment appeal, Heitman’s senior managing director of public real estate securities, John White, said.
Heitman analyses a broad range of data across economic, trade, property, human capital and cultural and political characteristics of cities, with a goal of picking locations with strong, long-term real estate investment prospects for potential inclusion in its investment strategy.

Read More:

Share on:

Top Contributors Last 30 days

1 Joshua
2 Simon
3 Steve

Related Posts

NSW: Sydney coast market is about to boom

Sydney house prices have recently seen a strong resurgence, and experts say that this could mean a boom is heading to the Central Coast. Last week CoreLogic data showed that Sydney’s house prices had increased by more than 10 per cent in 12 months, bringing the median house price back over $1 million. According to a recent property update from, the Central Coast and Illawarra, both on the outskirts of Sydney, are currently showing the highest views per listing of all regional areas around Australia.’s Chief Economist Nerida Conisbee suggests that Sydney’s boom could be moving up to the coast, with market changes traditionally flowing into the area. “Given the blistering pace at which Sydney house prices are moving, this suggests that this strong level of growth will soon reach places like Wollongong and Central Coast beaches,” she said. “The prestigious beach suburbs are usually the first places that Sydney buyers look, but as time goes on and people get priced out of these markets, they’ll start looking in cheaper areas.” The most in-demand areas for houses over the past six months on the Central Coast are the beaches, with the popular little enclave of North Avoca topping the list. Macmasters Beach, Avoca Beach, Bateau Bay and Wamberal also made the top five. Local couple Mark and Eliesha Starkey and their four kids are selling their renovated acreage at 5 Warrambool Rd, Wamberal. Mrs Starkey said that now seemed like the right time to list. Source:x Central Coast property market tipped to boom after... Experts are tipping a resurgence in the Central Coast property market coming off the back of the Sydney boom, with several beach suburbs in high demand.
17D ago 35 Views

NSW: Jan 2020 updates for Sydney property market

After months of decline, the Sydney property market is expected to see significant growth moving forward. Should investors jump back into the NSW capital this year? Sydney, Lisbon and Moscow are the only other cities in the Savills World Cities Prime Residential Index that are predicted to see growth between 6 per cent and 7.9 per cent over the next 12 months. In contrast, the average growth forecast across all 27 global cities analysed in the report sits at a median 1.8 per cent. Despite residential real estate in Australia and the Asia-Pacific region generally remaining sensitive to global uncertainty, lower interest rates, increasing immigration and continued increases to demand allowed Sydney to recover from the recent downturn and ultimately be poised for above-average growth. While Savills noted that the ongoing bushfires may be a near-term mitigating factor for the wider market as the impact on national GDP growth is felt, “this is not expected to weaken capital city price growth for middle- to upper-priced detached housing or market sentiment”. In fact, Savills Australia’s residential director Chris Orr said that luxury property in Sydney’s key markets have already bounced back. “Sydney overall has recovered anywhere from 5 to 7 per cent in blue-chip areas; however, there are still some local markets where there is an oversupply of apartments, which has negatively impacted prices,” Mr Orr said Australia, as a whole, is considered a growth market at the moment, given our recent financial regulations having changed for the better.” According to Mozo property expert Steve Jovcevski, the good times will continue for property investors in 2020 as the market regains its losses from the previous years and strong momentum ultimately tips to drive markets moving forward. Research suggests that overall capital city property values are likely to increase by around 5-7 per cent in 2020, with Melbourne and Sydney leading the charge at 10 per cent growth in value over the year. Sydney, in particular, carries strong momentum from the end of the year, with a value growth of 2.7 per cent in the month of November alone. Read more:x Property market update: Sydney, January 2020 After months of decline, the Sydney property market is expected to see significant growth moving forward. Should investors jump back into the NSW capital this year?
20D ago 23 Views

Lakemba, Sydney is the best performing suburb of the decade

Long-term property investors can purchase a mix of affordable and prestigious places, with new research showing the different ends of the spectrum topped the property market for decade growth. The research commissioned by the Property Investment Professionals of Australia (PIPA) and CoreLogic showed, despite popular belief, a mixture of metropolitan and rural areas topped the list. CoreLogic head of research Tim Lawless said investors were likely to find that, over the next 10 years, the best-performing markets are quite different. “Just as they were over the earlier decade where, for example, mining regions and regional coastal markets were some of the strongest performing areas,” he said. The city location with the highest annual capital growth in the nation over the past decade was Lakemba in the Canterbury region of Sydney. Prices in Lakemba have grown by 8.4 per cent annually, with median house values doubling over the period growing to about $881,000. The second placer was also in Sydney, this time in the Oatlands-Dundas Valley region of Carlingford, where house values grew by an average 8.1 per cent each year over the past decade. Its median house value has soared from $662,000 to $1.41 million over the past decade, according to the data. Source:x Best-performing suburb of the decade revealed Long-term property investors can purchase a mix of affordable and prestigious places, with new research showing the different ends of the spectrum topped the property market for decade growth.
24D ago 78 Views

Not all rent across Sydney is falling, in the eastern suburbs it remains strong

Although Sydney rental prices continue to hold strong in the eastern and central coast suburbs there’s an undersupply of houses nationwide and clearance rates remain high. Sydney rental update Sydney rents are falling, they have dropped by 2.9% over the past 12 months. For renters, it is no doubt a relief in a city that is so expensive. High levels of building and enthusiastic investors during the peak of the market are the two main drivers of this decline. Like prices, we are seeing quite different conditions in western Sydney compared to more expensive locations close to the city. The median rent for a house in the eastern suburbs may be well over $1,000 per week but prices are holding steady. At the other end of the scale, rents for units in south-west Sydney have dropped by 4%. One area that is doing well and is relatively affordable, is the central coast. Rents are holding steady and we are seeing relatively high levels of demand, so we can expect rents to remain steady. Recently, The Economist looked at how much home building has been taking place globally using a measure of homes built per 1,000 people. Their analysis showed that globally, not enough homes are being built and it’s contributing to a range of problems including affordability and homelessness. In Australia, we see marked differences between states as to how good they have been keeping up with population growth. Unsurprisingly, TAS and NSW have been consistently undersupplying housing for decades. Right now, it is showing up in affordability issues in Sydney. In Hobart, we have a rental crisis that is leading to a blow out in rental levels and higher levels of homelessness. Looking at the past 35 years, Sydney hasn’t always seen low levels of building. Between 2015 and 2019, it roughly tracked the Australian average. A similarly high level of building took place between 1995 and 1999. However, Hobart has been under building more dwellings since the mid 1990s. Details inside: x Property Market Update: Sydney rent isn't dropping... Sydney rental prices continue to hold strong in the eastern suburbs, there's an undersupply of houses nationwide and clearance rates remain high.
1Mo ago 42 Views

Sydney is a renter’s paradise with landlords slashing rent by an average of 2.9 per cent in the past year

While house prices continue to go up and up, renting in Australia’s most expensive city is becoming cheaper and cheaper. A flood of completed developments and an increase in the number of investors has ramped up Sydney’s supply of rental housing, putting prices on a sharp decline, new research shows. REA Group reports rental prices across all dwellings in the 12 months to January have declined by an average of 2.9 per cent. The largest falls were recorded in Sydney’s south west where the typical apartment is now 4 per cent cheaper to rent at $360 per week than this time last year. The inner west was the second weakest rental market in the Harbour City, with the median unit rental price down 3.7 per cent to $520 per week. This comes as inner west landlords continue to deal with the highest vacancy rates the area has ever seen. Blacktown had the third biggest drop with houses down 3.4 per cent to $430 per week, while the inner south west region saw both house and unit prices fall 3.3 per cent and 3.2 per cent respectively during the same period. Read more:x Sydney rental market more affordable as house and ... Renters need to act fast if they want to pay less, as landlords continue to struggle finding tenants due to an oversupply of stock. Here are the areas where renters are scoring big savings:
1Mo ago 33 Views

NSW: Sydney property prices are on the rise again as per the startling recent forecast

There was a startling recent forecast that house prices will rise 20 per cent in this cycle. It was made by respected housing commentator Christopher Joye, who co-wrote a 2003 report commissioned by The Menzies Research Centre for the Prime Minister John Howard’s Home Ownership Task Force. When house prices were still in decline last April, Joye forecast a sharp 10 per cent rebound based on an assumption of two quick RBA cash rate cuts. Some three cuts actually emerged, with Joye noting last week that across Australia’s eight capital cities, dwelling values were now eight per cent above their mid-2019 nadir with Sydney prices leading the way with even stronger capital gains for homeowners. Joye, the co-chief investment officer of Coolabah Capital Investments, has for years taken up the fight with alarmist claims of the professional property doomsayers. And typically his reasoned forecasts have matched the market movements down the track. But his suggestion that house prices still have much further to rise is quite troubling when it comes to affordability. Wages are barely budging, and jobs can be very much at risk, yet the costs of health insurance, child care, energy, education and housing are all exploding. I agree Sydney property price declines don’t seem likely on the horizon this year, other than something unexpectedly occurring from left field. But we could really do with a long price plateau, as we experienced following the boom-bust around 2003/2004. The cooling between 2018 and 2019 had been good news for first-home buyers, but not dramatically so. Read more:x Forecast for Sydney property price rise bad news f... While it seems unlikely that Sydney property prices will fall in the near future, a period of stability will suit everyone, especially first-home buyers, writes Jonathan Chancellor.
Justprop Team
Justprop Team
1Mo ago 49 Views
11 online
Mihir shah
Js Bhattacharya
Pankaj Nagpal
and more ...