Some people prefer to invest in houses rather than apartments, as they know that it is land that appreciates and so they often ask for where they should be looking, as brand new houses (with tax benefits and low maintenance) are actually very hard to find in Australia if you want to get a complete package rather than buying a block of land and trying to find a builder yourself.
The best rental return will be obtained by well-designed, new homes with no maintenance issues and good access to facilities such as schools, shopping and lifestyle choices in selected growth areas, around 20 to 45 kms from major CBD's to keep prices reasonable.
Rising petrol prices may also mean investors are drawn to areas well serviced by train and future train stations.
In Sydney, the strength in the economy is generating job opportunities in the CBD, so naturally, people want to live close by. Sydney's urban development is constrained by its geography with most new housing forced to stretch far to the south and west commuting is becoming more onerous with crowded roads and overstretched public transport extending travel time each year.
Therefore, apartments do offer a sound alternative in Sydney. The inner west represents some of the best value given its proximity to the city and the quality of its facilities and amenities including the light rail, private and government schools, shopping, cafes and restaurants, hospitals, universities, parkland and foreshore recreation.
The best value in inner west suburbs in terms of proximity are clearly Pyrmont and Forest Lodge, with median house prices of $A 880,000 and $866,000 respectively.
Other inner west proximity value suburbs include Green Square, Stanmore and Enmore, all within 5 km of the Sydney CBD and with current annual house prices under $900,000.
For more information about property in Australia or Sydney, speak to one of the property consultants at Intellichoice today.
The best rental return will be obtained by well-designed, new homes with no maintenance issues and good access to facilities such as schools, shopping and lifestyle choices in selected growth areas, around 20 to 45 kms from major CBD's to keep prices reasonable.
Rising petrol prices may also mean investors are drawn to areas well serviced by train and future train stations.
In Sydney, the strength in the economy is generating job opportunities in the CBD, so naturally, people want to live close by. Sydney's urban development is constrained by its geography with most new housing forced to stretch far to the south and west commuting is becoming more onerous with crowded roads and overstretched public transport extending travel time each year.
Therefore, apartments do offer a sound alternative in Sydney. The inner west represents some of the best value given its proximity to the city and the quality of its facilities and amenities including the light rail, private and government schools, shopping, cafes and restaurants, hospitals, universities, parkland and foreshore recreation.
The best value in inner west suburbs in terms of proximity are clearly Pyrmont and Forest Lodge, with median house prices of $A 880,000 and $866,000 respectively.
Other inner west proximity value suburbs include Green Square, Stanmore and Enmore, all within 5 km of the Sydney CBD and with current annual house prices under $900,000.
For more information about property in Australia or Sydney, speak to one of the property consultants at Intellichoice today.
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