It’s no secret that the Sydney property market has been sizzling over the last few months with house prices reaching an all-time high in 2017. In fact, over the last year, Sydney property prices have increased by 20% - no doubt, a huge return on investment for sellers taking advantage of strong market conditions.
What to expect from the Sydney property market in the near future
You might be surprised to know that a notable feature of this trend, according to CoreLogic-Moody’s Analytics Australian Home Value Index Forecast, is that apartment values will increase by 3.4% in 2017.
Yep - it’s a great time to invest in high-rise properties.
The Sydney property market is expected to ease slightly, a slight fall of 1.4% in 2018 and 0.9% in 2019. Investors can rely on a stable return on investment in the coming years following a slight increase in affordability, and for an ever-growing proportion of investors, buying off-the-plan has become the preferred mode of entry into the Sydney property market.
Located 30 minutes from the Sydney CBD and less than 3lm’s Sydney’s best Southern beaches, Ramsgate Park Apartments in Kogarah will release Stage 2 of its development with arguably the best views of the bays in Kogarah. Ramsgate Park is just one of PIA’s many developments offering affordable off-the-plan options, across multiple buildings, within a highly multicultural urban setting.
If you’re considering this kind of purchase, cheaper prices without lowered return on investment and brand new, renovated properties that promote contemporary living are what you can expect. In fact, PIA investors can expect developments designed by renowned architects with interiors made to impress sprawled across Sydney - like the Concerto project in Merrylands, offering 1, 2 & 3 bedroom apartments, secure parking and of course, stunning Parramatta city views from $432,000*.
How PIA can help with your Sydney property investment
Taking advantage of Sydney’s investment opportunities has never been easier for both new investors and those looking to expand their portfolios. Finding prosperity through property with ideal off-the-plan options throughout Sydney is the next big thing in property investment.
Check out some of our latest Sydney property developments and see how PIA can help you find the perfect property investment option.* prices correct at 17th July 2017