Global Power | Local Knowledge | Uniquely Personal

Sydney beachside resorts recommended for 2014

Beach resorts in Sydney will be popular next year.

Sydney beachside suburbs are likely to see strong growth in property prices in 2014, according to a leading Australian market specialist.

John McGrath, chief executive officer at McGrath Estate Agents, stated that growth for Sydney will be between five and ten per cent in 2014. 

He claimed suburbs in beachside areas will be particularly popular, as well as parts of the inner city, with the inner west area south of Parramatta Road singled out. 

Speaking to the Daily Telegraph, Mr McGrath said: "Ironically, the best bargains will be in areas like Palm Beach and Whale Beach. They have been oversold in recent years and there is a 12-month window to get value there." 

Sydney property prices have performed well in 2013, but experts are split on whether or not these gains will be replicated in 2014. 

While Mr McGrath predicts growth will hold up, Dr Andrew Wilson, senior economist for Australian Property Monitors, suggests that rises could be halved in 2014 compared to 2013. 

Posted by Steve Douglas

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact

Subscribe Now