Investors move into Sydney rental market
Australian real estate investors are cleaning up across Sydney as demand grows for rental properties.
Property in Sydney is at a premium rate after many years of restricted development house prices have rocketed due to lack of supply. With many potential homeowners unable to raise the funds needed to buy a property they are left with little option but to move into the rental sector and this has helped to push rental incomes to new levels for the city’s landlords.
Recent research shows several areas where rental growth has proved very lucrative in the years since the global downturn and the market for investment opportunities is growing to include areas beyond the inner metropolitan centre.
Such is the level of demand for new property in Sydney lenders are expected to support more medium density building projects in under developed areas of the city.