The Australian property market is a hot topic, and it’s no wonder why. Sydney has been ranked one of the best cities to invest in property. The city offers investors access to some of the most sought-after properties around the globe, as well as an impressive rental yield for those looking for investment opportunities
With the highest population density in Australians living in Sydney and more than 2 million people travelling into the city each day for work or play, it’s no wonder that Sydney is such a desirable destination. From bustling business districts to beautiful waterfronts, this coastal capital has something for everyone. Here are four reasons why you should buy property now before prices increase again!

Reason 1: Sydney has a strong GDP growth annually

With the highest population growth – Sydney has a high demand for property investment. Sydney’s economy grows at an annual rate of about 13%. Sydney also experiences significant population growth, with 33,000 new residents arriving every month. With all this increased demand, landlords are looking to improve their tenants to charge higher rents and create more cash flow.

Reason 2: Sydney’s property market continues to grow and flourish –

With the latest data from Core Logic, we see continuous growth in property prices and equity across the majority of Sydney suburbs compared to other Australian metropolitans. The Sydney real estate market is still strong and has a lot of growth potential. The experts suggest that Sydney property prices will continue to grow in the near future as well. Sydney’s economy is going from strength to strength, which means more employment opportunities for people residing here. This also helps bring prosperity into this city and makes it attractive to investors or buyers looking at long term investments. Sydney job prospects are excellent even beyond 2021, majorly due to its critical businesses within the finance/banking sector (Commonwealth Bank), IT industry (Telstra), and education & health sectors having many employees working there on a permanent/full-time basis. In other words, Sydney’s economic situation looks very favourable when compared to other Australian cities.

Reason 3: Sydney offers investors an impressive rental yield on investment properties –

When investing in a particular city, the rental yield is of critical importance. Sydney is still the best place when it comes to property investment. Sydney offers investors impressive rental work on their properties. Sydney is home to some of Australia’s largest companies, which means that Sydney has one of the highest paying jobs in all industries within its boundaries. This means that Sydney continues to be a desirable location for business owners and corporations, and individuals looking for employment opportunities with high salaries. Sydney also boasts a lower real estate vacancy rate than most other major cities around the world, making it more likely that prospective renters will look at your listing first before choosing from another available option on their list or even deciding not to rent through a private landlord at all because everything else they find will have been rented already by someone else who is actively looking into the market.

Reason 4: Sydney still remains one of the most sought-after cities for foreign buyers

Post-COVID, foreign buyers will be looking into Australian real estate as an asset class or place to call home. Sydney is still the best place to invest in property for a number of reasons. Sydney has high liquidity and demand on its side, which doesn’t seem like it will be changing anytime soon as more people flock to Sydney than any other city across Australia. Sydney remains one of the most sought-after cities due to population growth and strong economic fundamentals such as new infrastructure projects, foreign direct investment by some of China’s biggest companies where Sydney is becoming their gateway into the Australian market along with educational institutions that attract students from all over the world. It also helps many Australians be drawn back home thanks to better employment opportunities compared to when they left Sydney during tough times years ago. Sydney still remains heaven for foreign investment.

So, we can conclude that Sydney is one of the most sought-after cities for property investment. With its high rental yield, access to some of the world’s top properties and a population that continues to grow year after year, it’s no wonder why investors are keen on this Australian city.

If you’re interested in investing in real estate but aren’t sure which area suits your needs best or what types of property can offer lucrative returns over time, don’t hesitate to contact our team at Quarter Acre! Our experts will be able to help you find the right property type for your portfolio so that you too can invest wisely in Sydney.