16 Mar Sydney Suburbs Where Unit Prices Are Down & Rental Yields Are Up
As expert buyers agents’ we constantly research which suburbs are performing / underperforming and where there are good buying opportunities.
In our latest research we investigate which Sydney suburbs offer the best potential for property investors. We’ve secured many investment properties for experienced property investors as well as first home buyers and have built property investment portfolios including our own.
We’ve analysed the latest data from CoreLogic and selected three suburbs in each of the Lower North Shore, Eastern Suburbs, Inner West & South Sydney that represent good buying for property investors. We’ve selected these specific suburbs because in each instance the median sale price has dropped and the rental yield has increased. Therefore we think these suburbs represent good investment opportunities.
Contact us for a no-obligation consultation to see how Premier Home Finders can help you secure your dream home. Email us on info@premierhomefinders.com.au or contact principal Bernadette Brennan directly on +61 410 568 244.
1. Northbridge
| Median Unit Sale Price | $1.17m | -19.9% |
| Rental Yield | 2.96% | +12.6% |
| Median Rent p/w | $650 | +13% |
2. Neutral Bay
| Median Unit Sale Price | $1.17m | -1.4% |
| Rental Yield | 2.95% | +16.6% |
| Median Rent p/w | $600 | +13.2% |
3. Mosman
| Median Unit Sale Price | $1.29 | -3.4% |
| Rental Yield | 2.71% | +15.4% |
| Medium Rent p/w | $620 | +10.7% |
Eastern Suburbs
1.Darlinghurst
| Median Unit Sale Price | $1.07m | -7% |
| Rental Yield | 3.08% | +17.3% |
| Medium Rent p/w | 600 | +9.1% |
2. Randwick
| Median Unit Sale Price | $1.1m | -6% |
| Rental Yield | 3.28% | +18% |
| Median Rent p/w | $650 | +10.2% |
3. Paddington
| Median Unit Sale Price | $1.02m | -14% |
| Rental Yield | 2.76% | +12.7% |
| Median Rent p/w | $500 | +5.3% |
Inner West
1.Chippendale
| Median Unit Sale Price | $780K | -4.90% |
| Rental Yield | 4.15% | +23.5% |
| Median Rent p/w | $650 | +20.4% |
2.Erskineville
| Median Unit Sale Price | $941K | -5.9% |
| Rental Yield | 4.08% | +15.6% |
| Median Rent p/w | $650 | +12.1% |
3. Marrickville
| Median Unit Sale Price | $773 | -6.9% |
| Rental Yield | 3.62% | +20% |
| Median Rent p/w | $500 | +5.3% |
South Sydney
1.Rosebery
| Median Unit Sale Price | $820 | -7.9% |
| Rental Yield | 4.59% | +26.4% |
| Median Rent p/w | $712 | +22.08% |
2.Mascot
| Median Unit Sale Price | $852K | -0.9% |
| Rental Yield | 4.78% | +24.1% |
| Median Rent p/w | $750 | +25% |
3. Alexandria
| Median Unit Sale Price | $865k | -6% |
| Rental Yield | 4.11% | +19.7% |
| Median Rent p/w | $645 | +11.2% |
At Premier Home Finders we work hard to secure the best outcome for our clients. We have over 20 years combined buyers’ agents experience and as part of our service we make sure that thorough due diligence is done on our clients’ properties of interest. This means in-depth comparable sales research, liaising with council, detailed property reports, checking building and pest reports, reviewing strata reports, and more.
Contact us for more information on how we can assist you with your property journey.
Read our: Top Tips When Buying Investment Units
Source: CoreLogic – 12 months as of 31/1/2023
Disclaimer: This information is general in nature only and should not be relied on as financial or legal advice. Formal advice should be undertaken before acting on any of the information above