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A newbie Investor in Sydney

Discussion in 'Introductions' started by Sam333, 22nd Oct, 2017.

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Sam333 Member

Joined:

12th Oct, 2017

Posts:

18

Location:

Sydney

Gockie said: ↑

Sam, have you looked at the trends since about the year 2000? Also, i'm going to suggest SQM research as a free source of trends by postcode and a number of other metrics (Pity it looks like they don't cover more than the past 10 years).

Sydney may go flat or nowhere for a while. Nothing much pricewise happened between 2004-2009 - some areas of suburbia went backwards after the boom by up to 25% - after a long and big boom from around 1997-2003. And Sydney really boomed 2013-2017. If you stick to the CBD you may have a different result, but I don't think you'd see too much more than 5% growth rates and I feel this is being a bit on the generous side.

I'm sure you'll find images of longer term trends if you google it. Generally you'll see a lot of price growth in a few years and flatness or little growth in many other years. We've just gone through the boom. Now the market has returned to a normal market, (a normal supply and demand balance) so prices aren't going to go up much in Sydney.
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Hey,

Thanks for the information

Sam333, 14th Jan, 2018

#21

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