Sydney has experienced an amazing property boom over recent years, experiencing almost 47% price increase in median prices since January 2012. The question is can this amazing rate of growth continue?
A report by Momentum Wealth questions whether this is possible and raises the prospect that Sydney will be a less viable investment with prices having peaked and growth falling over the past year.
The median house price increased nearly 47% over the past 5 years, to a staggering $880,000. But Momentum Wealth predicts that the days of growth may be numbered, following concerns over apartment oversupply in Sydney.
If capital growth falls in Sydney, given its already poor rental yields (4.14%), we can expect investors appetite to fall accordingly.
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