Investors, developers competing for Sydney flats
Private investors and property developers are competing strongly for blocks of units in Sydney, despite the COVID-19 crisis and mixed forecasts for Australia’s biggest real estate market.
This block of five units in Westmead sold for $3.85 million. Photo: Ray White (Image source: Shutterstock.com)
Private investors and property developers are competing strongly for blocks of units in Sydney, despite the COVID-19 crisis and mixed forecasts for Australia’s biggest real estate market.
Research recently released by Ray White showed blocks of flats had become an attractive alternative to commercial property investment in recent years, with high occupancy rates providing an almost guaranteed return for investors.
And with a limited number of t…
