Culture, History, and Business
Home to over 5 million people, Sydney is a truly multicultural city where more than 50% of the residents were born elsewhere and moved here. Long sandy beaches, shining ocean, and incredible natural spots are what the city is known for, but this doesn’t mean that it lacks historical sights. The world-renowned Sydney Opera House and Sydney’s Harbour Bridge are just 2 of the many historical monuments everyone instantly recognizes.
A lot of festivals are held throughout the whole year, as well as concerts, carnivals, and other exciting cultural events that attract thousands of tourists and students from across the globe. But crowds and traffic jams are not an issue as buses, trains, and ferries offer fast access to and from every area of the city, something now many metropolises can brag about.
The main thing that makes Sydney a great city to invest in is its versatility. There are properties for anyone with any budget – old and new houses, rentals and owners, beachfront and city center. Prices are also in a wide range, so you can find affordable properties under 500,000 USD, but also luxurious estates costing over 2 million USD.
Positive economic growth, the low unemployment rate and great quality of life are just some of the indicators that keep on increasing property prices in Sydney. And because population growth is among the highest in all of Australia, the spikes of the demand for properties are something that stands out when looking at statistics.
Although the slower economic growth and lower rental yields may be a cause for worry in some investors’ eyes, the stability and safety of Sydney’s real estate market have been proven time and time again throughout history.
If you want to find out more details about what makes Sydney’s real estate market a hot topic right now and which neighborhoods to look in for profitable properties, check out our next few Sydney articles.