Hottest Sydney Suburbs to Buy Investment Property

Top value Sydney suburbs as rated by John McGrath are:

For investors and first homebuyers looking to buy between now and Christmas, I have 10 suburbs that I highly recommend as areas that provide great lifestyle and will outperform the market:

  1. Brighton Le Sands ($400,500)*
  2. Erskineville ($429,000)
  3. Glebe ($409,000)
  4. Dulwich Hill ($366,500)
  5. Annandale ($408,000)
  6. Leichhardt ($489,000)
  7. Neutral Bay ($520,000)
  8. Artarmon ($510,000)
  9. Lane Cove ($440,000)
  10. Freshwater ($420,000)

* Medium Apartment Prices; Source RP Data on 3 June 2009.

water views apartment

Current value buying areas – houses

We’ve seen significant declines in median house prices in some of Sydney’s best suburbs, indicating that greater value is now available for families and upgraders in outstanding locations – and probably only for a short time. My top ten value suburb picks are:

  1. Breakfast Point (-47 per cent) *
  2. North Avoca (-38 per cent)
  3. Palm Beach (-30 per cent)
  4. Bellevue Hill (-23 per cent)
  5. Pearl Beach (-20 per cent)
  6. Northwood (-20 per cent)
  7. Wombarra (-19 per cent)
  8. Seaforth (-18 per cent)
  9. Kensington (-17 per cent)
  10. Northbridge (-16 per cent)

* 12-month price changes; Source RP Data on 3 June 2009.

My picks are

  1. Erskinsville
  2. Glebe
  3. Lanecove
  4. Gordon             for Apartments

and

  1. Granville
  2. Blacktown
  3. Ryde
  4. Mosman          for houses
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