{"id":1265,"date":"2021-12-18T09:57:25","date_gmt":"2021-12-18T09:57:25","guid":{"rendered":"https:\/\/royabhishek.in\/urbanbuyer\/top-15-suburbs-to-invest-in-sydney-in-2021\/"},"modified":"2021-12-18T09:57:25","modified_gmt":"2021-12-18T09:57:25","slug":"top-15-suburbs-to-invest-in-sydney-in-2021","status":"publish","type":"post","link":"https:\/\/royabhishek.in\/urbanbuyer\/top-15-suburbs-to-invest-in-sydney-in-2021\/","title":{"rendered":"TOP 15 Suburbs to Invest in Sydney in 2021"},"content":{"rendered":"

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Where are the best locations to invest in Sydney property<\/a> in 2022? \"Sydney\"<\/u><\/strong><\/p>\n

The latest Corelogic stats<\/a> show that Sydney house values grew 4.3% over the last quarter and 25.8% over the last year.<\/span><\/p>\n

Australia\u2019s most expensive capital city has also been the city that has seen property prices continue to rise strongly and steadily.<\/p>\n

The resurgence of the buyer and seller interest in the Sydney property market has meant that auction clearance rates have consistently been in the high 70% \u2013 80% range suggesting there are more buyers than there are sellers and this always leads to higher Sydney home prices.<\/p>\n

Here we have pulled together the latest data on the median property price for Sydney.<\/p>\n

Median property prices for Sydney<\/span><\/h2>\n\n\n\n\n\n\n\n\n
Median\/average value\/price<\/strong><\/td>\nMoM change\u00a0<\/strong><\/td>\nQoQ change\u00a0<\/strong><\/td>\nAnnual change\u00a0<\/strong><\/td>\n<\/tr>\n
Capital city dwellings<\/strong><\/td>\n\u00a0$1,090,276<\/td>\n0.9%<\/td>\n4.3%<\/td>\n25.8%<\/td>\n<\/tr>\n
Capital city houses<\/strong><\/td>\n$1,360,543<\/td>\n1.0%<\/td>\n4.7%<\/td>\n30.4%<\/td>\n<\/tr>\n
Capital city units<\/strong><\/td>\n$837,169<\/td>\n0.7%<\/td>\n3.4%<\/td>\n15.2%<\/td>\n<\/tr>\n
Regional dwellings<\/strong><\/td>\n$667,577<\/td>\n2.4%<\/td>\n6.6%<\/td>\n29.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:\u00a0<\/em>Corelogic, 1 December 2021<\/u><\/em><\/a><\/p>\n

But there is still plenty of growth and opportunity left in the Sydney housing market.<\/a><\/p>\n

This means as an investor, if you buy the right investment property<\/a> in the right location, you could be primed to supercharge growth.<\/p>\n

As always, not all Sydney suburbs will perform the same, and if history repeats itself some properties will increase in value significantly moving forward while others will underperform.<\/p>\n

So this blog is going to be a little different from my other blogs.<\/p>\n

Purely because I write this blog with a level of hesitation.<\/p>\n

And the reason I have a level of hesitation is that whenever I see a blog written with the title \u201cTop Hotspots for 2021\u201d or \u201cProperty Investment Hotspots\u201d it usually makes me cringe.<\/p>\n

So let me preface by saying\u2026 this is NOT one of those blogs.<\/p>\n

You see, being a property strategist<\/a> means that I must approach every client\u2019s position not only strategically but individually.<\/p>\n

Every client has unique circumstances, goals and aspirations and there is never a blanket approach to investing.<\/p>\n

Furthermore, I do not believe in hotspots or investing in an area just because it is expected to be the \u201cNext Best Thing\u201d.<\/p>\n

\u201cHot-spots\u201d tend to be \u201cnot-spots\u201d and I\u2019m a long-term investor, meaning I take calculated risks, I do not gamble.<\/p>\n

Therefore, providing a macro strategy about the Top Sydney suburbs for 2021 is not as easy as it sounds.<\/p>\n

So, let\u2019s approach this with the following expectations:<\/p>\n

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  1. The suburbs I have featured have all been strong and stable suburbs that have both shown consistent historical growth but also have the right demographics to suggest future long term growth.<\/li>\n
  2. The suburbs I feature are all located within the inner-middle rings of Sydney so that we can avoid any hot-spotting or speculative investing. These are all proven investment grade suburbs.<\/li>\n
  3. Yes, there are some suburbs outside of this list that has shown higher short term growth but the suburbs listed are long term performers based on a number of metrics intended for safe and long term growth, not short term and risky \u201cget rich quick\u201d approach.<\/li>\n
  4. Every client I see may be provided with a different recommendation based on their circumstances and personal goals.<\/li>\n<\/ol>\n

    And Covid reminded us of the importance of neighbourhood<\/span><\/h2>\n

    \"Neighbourhood2\"<\/p>\n

    The ability to work, live and play all within 20 minutes\u2019 reach is the new gold standard desirable lifestyle.<\/p>\n

    It seems that in our new \u201cCovid Normal\u201d world, people love the thought that most of the things needed for a good life are within a 20-minute public transport trip, bike ride or walk from home.<\/p>\n

    Things such as shopping, business services, education, community facilities, recreational and sporting resources, and some jobs.<\/p>\n

    But this is nothing new\u2026the rise of the 20-minute neighbourhood started long before Covid19.<\/p>\n

    You will find these are often in the gentrifying aspirational lifestyle suburbs of our capital cities and people will pay a premium to either own a property in these locations or rental property in these locations.<\/p>\n

    Many inner suburbs of Australia\u2019s capital cities and parts of their middle suburbs already meet a 20-minute neighbourhood test.<\/p>\n

    However very few of the outer suburbs would do so.<\/p>\n

    Follow the demographics<\/span><\/h2>\n

    According to leading demographer Bernard Salt, the coronavirus has changed the Australian workforce and not just by prompting adaptation to new technology like Zoom calls and triggering a work-from-home movement, but also by rigidly dividing the nation according to skill sets.<\/p>\n

    The Australian Bureau of Statistics classifies every job according to one of five skill levels with Skill Level 1 being the most skilled.<\/p>\n

    It is well recognised that the rich \u2013 such as people with a Skill Level I job \u2013 are getting richer, and at the other end of the spectrum, Skill Level 5 jobs requiring little or no previous work experience (like general sales assistant, kitchen hand) are experiencing no wages growth.<\/p>\n

    \"Demographics\"<\/p>\n

    A Skill Level 1 job requires a bachelor\u2019s degree or higher, or the equivalent of at least five years\u2019 training.<\/p>\n

    People with these types of jobs will earn more income and be able to afford to pay more for their properties.<\/p>\n

    The pandemic cricket demand for skills in finance (accounting), risk management (solicitors), computer programming and many other skill levels one jobs.<\/p>\n

    However, the story for the balance of the workforce has been quite different.<\/p>\n

    So understanding where the skill level one worker lives in Sydney is critical and be seen in the following graphic provided by Bernard Salt in The Australian<\/a>.<\/p>\n

    \"Syndey<\/a><\/p>\n

    Now that all that is out of the way\u2026 let\u2019s get into it<\/span><\/h2>\n

    This list will serve as a very useful guide for investing in the Sydney property<\/a> market in 2022 \u2013 for long term growth as an experienced investor.<\/p>\n

    This list will also help you avoid making any costly mistakes.<\/p>\n

    Now that I think of it, I feel like I am giving away quite a bit of intellectual property with this list however if it adds value than I have achieved my goal.<\/p>\n

    Each suburb is featured below:<\/p>\n