Inner west shows potential
It’s not the nation’s capital city, but when it comes to the Sydney property market, there’s no doubt its super sized and super priced housing often makes it centre stage.
According to Australian Property Monitors chief economist Andrew Wilson, one area in Sydney that is showcasing strong buying opportunities for investors is the well-located inner west and inner south west.
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“I think the struggle to get closer to the CBD, to commute, is becoming more profound for Sydneysiders and any areas that still remain within a reasonably affordable band are a good opportunity for investors,” he said.
"Prices in this region are already growing as a result of their increasing popularity but they still, generally, offer more affordable buying opportunities than their more mature Eastern suburb counterparts and certainly much opportunity for upward growth."
Lilyfield, which borders Leichhardt, has a median house price of $928,000 according to RP Data figures.
This compares to a median price of $1.4 million in Paddington, one of its Eastern suburb counterparts.
