Priced-out investors move to outer Sydney
Tight rental vacancies and higher yields are attracting investors away from Sydney’s most desirable suburbs and into far-flung locations, as homebuyers continue to prioritise lifestyle over being close to the city and house prices move swiftly upwards.
Rapid price escalation on Sydney's Lower North Shore has investors looking elsewhere. Photo: Shutterstock
Tight rental vacancies and higher yields are attracting investors away from Sydney’s most desirable suburbs and into far-flung locations, as homebuyers continue to prioritise lifestyle over being close to the city and house prices move swiftly upwards.
It is a similar phenomena to a market shift under way in Melbourne
, with more affordable properties providing better returns for investors.Data from the Real Estate Institute of NSW showed four …
