Sydney Hotspots 1st Half 2017
The PRDnationwide Sydney hotspots report analyses all suburbs within the Greater City of Sydney region. It provides valuable insight and highlights for the market, reporting on a number of key indicators to create a holistic picture of the property conditions in 2017. This report focuses on suburbs within a 20km radius of the CBD, taking into consideration the following factors:
- Sales indicators - the number of
sales transactions (suburbs with less than 20 sales are excluded in affordable
hotspots and top performer selection) and median price growth over the past
fifteen months between 2015 and 2016/17.
- Rental indicators - median rental
price, rental yield, and vacancy rates.
- Affordability - the average New
South Wales home loan, which indicates the amount that banks are comfortable
with lending to home buyers. To determine the maximum property price, 85% is
added to the average New South Wales home loan, which was $472,380** as at
December 2016, having increased by 4.6% from the previous quarter.
- Projects value - developments scheduled to commence in the 1st half 2017, which includes mixed use, infrastructure, industrial, and residential projects. This is key to maintaining growth as it indicates a potential increase in economic and commercial activity; as well as interconnectivity to key transport routes, the CBD, and other major urban business hubs.
For further information on each PRDnationwide Sydney 1st half 2017 hotspot please contact email@example.com