What’s Happening In The Sydney Property Market?

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.