Australia heads towards an apartment drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
Camperdown and Avalon are the choice suburbs for home buyers, according to John McGrath.
McGrath Estate Agents chief executive John McGrath said there are still exceptional buying opportunities in many of Sydney’s key lifestyle areas.
Mr McGrath said rising rents would and a national housing shortage meant there were lucrative opportunities for buyers – provided they buy in the right area.
“In Sydney, demand is strongest from upgraders and investors and I’m expecting prices to continue rising over the next three years – possibly by 8 to 10 per cent in 2011, especially close to the CBD and the beaches,” he said.