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State of Markets – NSW December 2011

01 DEC 2011 • By Phillip Tarrant • 3 min read • Hotspots

Essential information, plus expert insight on what is shaping the national property market...

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NEW SOUTH WALES

Fast Figures

You’re out of free articles for this month
  • $560,000 – Sydney median house price
  • 54 – Median days on market for Sydney houses

Foreign investors eyeing NSW land
Foreign investors have warmed to purchasing distressed agricultural assets in New South Wales, new research shows.

PRDnationwide data show the UK is the largest offshore investor in primary production land, with ownership totalling 613,000 hectares.

China is the biggest spender, with more than $189 million invested in land purchases in mining regions and a smaller share in vineyards.

The top owner of NSW land in dollar terms is Shenhua Watermark, with total funds exceeding $158 million, PRDnationwide’s NSW research manager, Oded Reuveni Etzioni, said.

“The Chinese coal miner owns approximately 33,000 hectares in the Gunnedah region, with arable land purchased over the past two years accounting for a large portion of it,” he said.

“Foreign companies are investing not only for the monetary benefits but also to secure scarce resources,” he added.

UK-based John Swire & Sons is the largest foreign NSW land owner in NSW, accounting for 92 per cent of total UK holdings.

Hunter region a good investment
Property experts have flagged the NSW Hunter region as a prime investment area.

The Hunter suffers from a housing shortage and the lack of rental properties is both putting pressure on real estate agents and creating a rental war.

The region has seen a surge in population in recent years on the back of the resources boom and a $1.7 billion investment in infrastructure, creating hundreds of jobs both for local and new residents.

“Everything about this region seems to be moving forward,” Hotspotting.com.au founder Terry Ryder said. “Its population has recorded the largest increases of any NSW region outside Sydney in recent years.

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“Towns such as Muswellbrook, Maitland and Singleton have strong property markets at a time when many city markets are flat because of the strength of economic activity in the Hunter region.”

Research house BIS Shrapnel expects median house prices to rise by 18 per cent by 2014.

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Phillip Tarrant

Phillip Tarrant

AUTHOR

Phillip Tarrant is one of Australia’s leading property commentators, with more than a decade at the forefront of conversations shaping the nation’s property investment market.

As the long-time host of the Smart Property Investment Show and a regular commentator across property, finance and business, Phillip has interviewed thousands of investors, economists, advisers, brokers, agents and industry leaders, giving him a unique perspective on the trends, policies and market forces influencing Australian property.

Beyond property commentary in the media, Phillip is an active property investor himself, with first-hand experience building and managing a diversified property portfolio across multiple markets and cycles. His insights combines this practical investor perspective with deep exposure to the broader property and financial services ecosystem.

Phillip is also CEO and co-founder of Managed, an Australian property payments and technology platform transforming the way property managers, landlords and tenants manage rental payments and property transactions.

Through his writing, podcasts and industry engagements, Phillip focuses on cutting through market noise, challenging conventional thinking and helping investors make more informed, strategic decisions. His commentary regularly explores property markets, lending, taxation, regulation, investment strategy and the changing dynamics of Australia’s housing sector.

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