Average Apartment Growth in Sydney

Discussion in 'What to buy' started by Neteffect, 26th Apr, 2024.

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What do you think the average capital appreciation will be on apartments in Sydney?

  1. 2-4%

    2 vote(s)
    100.0%

  2. 4-8%

    0 vote(s)
    0.0%

  3. 8-12%

    0 vote(s)
    0.0%

  4. 12-16%

    0 vote(s)
    0.0%
  1. Neteffect

    Neteffect Member

    Joined:
    17th Apr, 2024
    Posts:
    8
    Location:
    Sydney
    Hey all,

    I'm currently doing calculations to determine what the average appreciation of apartment (let's say one bedroom) prices would be in Sydney over a period of 5 years, specifically in areas close to the city:

    Surry Hills
    Refern
    Ultimo
    Pyrmont
    CBD
    Wolloomooloo
    Darlinghurst
    Ultimo
    Chippendale
    Waterloo
    North Newtown
    Darlington
    Glebe
    Potts point

    What do you think?

    I'm seeing about 4% growth but expect it to be higher with influx of immigration, supply issues, building issues, etc

    Thanks
     
    Neteffect, 26th Apr, 2024
    #1
  2. igor1234

    igor1234 Well-Known Member

    Joined:
    26th Sep, 2016
    Posts:
    1,711
    Location:
    sydney
    1 bedder won't grow much. 4% is rather optimistic. your fees (Strata) would eat profits too. influx of immigration contributes to yields, but they not buyers. and there is always limited pool to 1 bedders.
    2 bedroom, old complex, balcony or coutryard in low strata would be better bet.
     
    igor1234, 30th Apr, 2024 at 9:59 AM
    #2
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