11. January 2012 20:52
According to a Leading Real Estate Group, “property values in Sydney and Perth will rise as investors enter the market and many suburbs have been tipped for growth.” The real estate in Sydney and Perth will rise by up to 5% this year. Sales in Sydney are expecting to increase in the 2nd quarter this year and the investment activity is predicted to start in the inner suburb of Sydney. In Perth, Cannington, Kenwick and Kelmscott, there are the Perth suburbs are expected to investment activity and more investors are expected to enter the market. Price will be the driver for buyers considering Sydney investment opportunities where investors and homebuyers will be competing head to head. But still there are some opportunities for investors and homebuyers outside of Sydney and Perth especially suburbs that have an easy access of transportation and those who are near in the airport.