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What’s Happening In The Sydney Property Market?

July 11, 2018 By Naomi Findlay Leave a Comment

Hi guys! Naomi Findlay here, your Rapid Renovation expert.

What’s happening in the market is always a hot topic. I was lucky enough to sit down with Mark Kentwell, principal at PRD Nationwide Newcastle and Lake Macquarie, to hear exactly what is happening in the Sydney property market.

Disclaimer: All information contained herein is gathered from sources we deem reliable. However PRDnationwide cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries.

Key Points: 

Sydney:

  • The Sydney property market is under supplied, as growth is huge.
  • The Asian influence on the market is significant.
  • Areas such as Surry Hills, Paddington, the Inner West, and Redfern, are under demand as they have easy access into the city to jobs, bars, and cafes.
  • Deflation is not expected in the Sydney property market.

Newcastle:

  • The Newcastle property market is seeing great growth. This growth is rippling out to Lake Macquarie.
  • Growth drivers for Newcastle include: RAF base, huge health sector, education such as the new inner city university and Japanese boutique university, great construction, and access to are large number of beaches.

Disclaimer: All information contained herein is gathered from sources we deem reliable. However PRDnationwide cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries.

Rapid Reno Mate

Filed Under: Selling for more money, Selling property Tagged With: newcastle, property, property market, real estate, sydney

About Naomi Findlay

Naomi Findlay is Australia's renovation royalty and works with people around the country helping them create beautiful spaces one on one and with her online courses.

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About Naomi Findlay

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