Nerida Conisbee, Chief Economist at realestate.com.au has released their 'Australian Property Market Report' for January 2019, providing an overall analysis of the Australian Property Market.
Although, the overall Australian Property Market has experienced a 'downturn', we can see that specifically in Sydney, there are still suburbs that have experienced and continue to experience a high demand for buyers and therefore, continued capital growth and buyer competition.
The Northern Beaches performed incredibly well, with Freshwater, Dee Why, Manly, Fairlight and Collaroy Plateau being in the top 10 for houses, and Fairlight, Queenscliff and Manly in the top 10 for apartments. Over the past 22 years, we have purchased many properties for our clients in these Northern Beaches suburbs as they offer the lifestyle, transport and restaurant/cafe culture that both owner occupiers and investors want to be apart of.
The Lower North Shore, Inner West and Eastern Suburbs has also been in high demand from buyers with Paddington, Cammeray, Surry Hills and Newtown sitting in top 10 for houses, and McMahons Point, Kirribilli, Wollstonecraft, Neutral Bay, Paddington, Artarmon and Mosman consuming the top 10 for apartments. We aren't surprised by these suburbs ranking so highly, as these areas offer close proximity to the CBD for commuters and a cosmopolitan, buzzing lifestyle to all buyers alike.
Therefore, A-Grade properties in these high-demand suburbs are seeing a high level of buyer competition despite the overall 'downturn' in the Australian Property Market. As Sydney's most experienced Buyer's Agents, having purchased over 2000 properties for our clients in these suburbs, we can offer 22 years of experience to secure the right property for the lowest possible purchase price.
If you are looking to purchase your next property on the Northern Beaches, North Shore, Inner West or Eastern Suburbs, contact our team today on 02 9960 1066 or enquiries@pkproperty.com.au.
Sourced from: https://www.realestate.com.au/australian-property-market/property-report-january-2019/