With a thriving commercial district and laid back atmosphere, North Sydney is an ideal destination for investors looking to expand their real estate portfolio and families seeking a new home without straying too far from the trappings of a modern city life. Located on the Lower North Shore of Sydney, North Sydney is home to high-rise commercial properties, as well as museums, sports clubs, and several shopping complexes while serving as the seat of power for the local government.
The area has a population of 6,057, with a median age of 34. A huge portion of its workforce is made up of young professionals hailing from the advertising, marketing, printing and publishing, and information technology sectors. Most properties are rented units, apartments, and flats, with the occasional 19th century homes and classic churches breaking the monotony. The area has no shortage of universities and schools run by well-recognized academic organizations.
Investments continue to pour into North Sydney's real estate environment as foreign companies snap up rental properties in its commercial district. The outlook is favourable for buyers flipping both old and new office towers, as office market fundamentals and rental growth remain strong. Technology behemoths such as Cisco Systems, Sun Microsystems, Symantec, and Optus are among these buildings' current inhabitants.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||22.53%||16.56%|
|Median 3 years||41.84%||19.29%|
|Median 5 years||69.56%||78.94%|
|10 years average annual||12.18%||7.94%|
|Weekly media advert. rent||$965||$610|
|Time on Market||0.0 days||63.0 days|
|Gross Rental Yield Percent||2.28%||3.28%|