In the recently released 2017 McGrath Report, we take a look at all the major east coast capital city markets and discuss the dominant trends going on in each of them.

The stand-out market as always, is Sydney. It remains Australia’s strongest and most enduring market powered by long-standing fundamentals of undersupply and population growth; and providing every type of lifestyle possible including beachside, harbourside, CBD living and suburban neighbourhoods for almost 5 million residents.

Sydney real estate is like gold and in my opinion, despite the phenomenal boom of 2012-2016, Sydney property prices will continue to rise. For many Sydney property owners, the boom has delivered extraordinary gains for those in the market.

The market is showing signs of plateauing but price growth has continued due to a significant undersupply of stock and strong demand buoyed by further falls in interest rates.

138 Cowles Road Mosman $2,900,000 - $3,100,000

An inspired remodelling by Andrew Burges Architects has transformed this c1920s family home into a lofty haven of light, impressing with sublime outdoor integration. It rests on an elevated block, moments from schools, Mosman Village and Balmoral Beach.

Chinese buyers remain a force in Sydney, however new fees levied by both federal and state governments on top of tighter lending criteria for foreigners has resulted in reduced demand and settlement risk on new apartments.

We see a bright future for the Sydney property market. There is plenty of long-term price growth ahead even as we approach a major affordability hurdle for younger buyers today.

We believe the burgeoning global audience for Sydney real estate will be a key contributor to future price growth; and the long term stability of the market and opportunity to create significant personal wealth will sustain the aspirations of Sydneysiders to own their own homes for generations to come.

The team at McGrath is committed to a number of key values around which every decision is made; integrity, passion, process, excellence and community. These are embedded in everything McGrath undertakes.

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