Sydney Housing Market Trends & Predictions

21 comments

Arthur 2024-03-13 19:41:01

Thanks Michael. You've mentioned family-friendly before, by definition I'd have thought that's mainly houses, then units for the rest: downsizers/retired, single people, young pros, investors renting to students etc. Are these good units to invest ...Read full version

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Arthur 2024-03-13 06:29:11

Keeping a close eye on the Sydney market from here in the UK. We bought an off-plan investment unit in Penrith for $605,000 in 2018, just sold it 5 years later for $715,000, would you agree that's not bad for a cookie-cutter unit (the type you do ...Read full version

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Charlie Garcia 2023-12-04 10:45:34

Hi Michael, Thank you a very insightful article with extensive factual information, it has been perfectly articulated. Homeowners have shown venerable resilience despite incredible mortgage pressures in 2023, despite these burdens the law of economi ...Read full version

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Arthur March 13, 2024

Thanks Michael. You’ve mentioned family-friendly before, by definition I’d have thought that’s mainly houses, then units for the rest: downsizers/retired, single people, young pros, investors renting to students etc.

Are these good units to invest in given Sydney has all types of buyers?

I’ve noticed the trend to squeeze in houses very close side-by-sed with virtually no back gardens, in new suburbs, they seem mysteriously popular even though they must be just like living in large units. What do you make of these properties?

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Michael Yardney March 14, 2024

Arthur, you are right – it’s surprising to see such small townhouses and apartments being built in the new outer suburbs. Moving forward, more families will be living in medium density dwellings, and that’s why I mentioned the term family-friendly, which means they have usable, balconies or small outdoor areas and good floor plans

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Arthur March 13, 2024

Keeping a close eye on the Sydney market from here in the UK.

We bought an off-plan investment unit in Penrith for $605,000 in 2018, just sold it 5 years later for $715,000, would you agree that’s not bad for a cookie-cutter unit (the type you don’t like, I realise)?

Would’ve liked to hang on to is but interest repayments became punishing!

Our unit in Pyrmont (bought in ’07 for about $300,000) seems only to be worth double now, I would’ve expected more. However, it’s a great little renter, especially recently as the rent has gone way up.

Any insights?

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Michael Yardney March 13, 2024

Arthur, clearly there is not one Sydney property market, and when you look at apartments, there are multiple markets and well located family-friendly, good size departments still make great investments in Sydney

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Charlie Garcia December 4, 2023

Hi Michael,

Thank you a very insightful article with extensive factual information, it has been perfectly articulated. Homeowners have shown venerable resilience despite incredible mortgage pressures in 2023, despite these burdens the law of economics “Supply vs Demand” is in their favour with an under supply of properties and increase in population particularly in Sydney which I believe will see a further increase in prices of 5% to 7% in this coming year alone.

1 reply Reply

Michael Yardney December 4, 2023

Charlie – thanks for your comment – I agree Sydney will see further price growth in 2024, albeit more fragmented and at a slower rate

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Sonja October 27, 2023

Hi Michael,

Thanks for the article.
I was hoping you could give my partner and I some advice.
I have recently inherited some cash and we would like to buy an investment property. We have been looking for a while and have found a two bedroom apartment in Wolli Creek going, 96sqm for $750k (we were hoping to get the owners down to $700 or lower). It’s comes with a carpark and amenities (heated pool, sauna, spa, gym). Rental Estimate is $850.

I also own a three bedroom apartment in Brisbane with a rental income of $900 per week.

My partner and I would like to relocate to Asia for a couple of years and live mainly off our rental Income as well as part time work.

Furthermore we would like the properties to grow in the next 20 years so we can live comfortably in our retirement. We both work for ourselves so don’t have much of a super going.

My main question is do you think it’s a good idea to buy in Wolli Creek in this current market?

Thank you

Sonja

1 reply Reply

Michael Yardney October 29, 2023

Sonya – I’m glad you asked because starting with a location or a property is the biggest mistake many investors make.
The property you eventually purchase should be the physical manifestation of a whole lot of decisions you’ve made and made int he right sequence.
So please don’t rush in – I’ll send you a private email to give you some pointers

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Sean December 13, 2022

Thanks Michael, Thanks for an indepth analysis and helpful article.

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Michael Yardney December 13, 2022

You’re welcome Sean

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Tom October 8, 2023

Hi Michael

Just wanted your thoughts about the Hills District and Sutherland Shire areas. Do you have a preference moving forward to 2024?

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Michael Yardney October 8, 2023

Tom – I don’t know your circumstances or your budget however these areas are not on my radar – htere are better investment grade locations

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Henry Firva August 20, 2022

I’ve never heard so much rubbish in all my life. It is idiots like you that help make this one of the most unhealthy property markets in the world, and you should be banned from pedalling this crap.

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Michael Yardney August 20, 2022

Henry, I’m sure you don’t agree with my thoughts, but my commentary over the last 20 years has remained on the public record and my interpretation of what’s happening in the housing market has had a better track record than many others

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West Hollywood November 9, 2021

i really love this one! thank you so much for the dedication Michael!

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Julie October 9, 2021

First time to read through a long article relate to realestate market. Very very helpful! Thank you!

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Michael Yardney October 9, 2021

thanks for the kind words Julie

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James September 7, 2021

Totally agree. What an insightful article with a plethora of data to support

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Michael Yardney September 7, 2021

Thanks James

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Ivan December 31, 2022

Insightful yes, but Sydney’s population predicted to grow to 8 million will mean that people will be living like sardines in a vacuum-sealed can.

If climate change is to be tackled, the first and easiest thing for all governments around the world to do, is quickly reduce the world’s population growth.

Saudi Arabia is now moving into China’s bedroom and Putin wants strong military ties with China. Let’s see what the future brings.

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Michael Yardney December 31, 2022

There are many “liveable” cities of 8 million + around the world. The big challenge will be to keep building enough infrastructure including “social” infrastructure

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