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Sydney's western suburbs to enjoy growth

There is expected to be a boost in property prices on the west side of Sydney.

Investors considering putting money into the Australian property market should consider Sydney's western suburbs, according to a property valuer.

 

 

Herron Todd White (HTW) told Property Observer this section of the market is likely to see strong capital returns and increasing rents throughout the course of 2012.

 

 

"We are seeing signs that small investors are continuing to return to the market in good numbers," it added.

 

 

However, the news is not all good, with suggestions the global economic uncertainty and fluctuating share prices have put off first-time investors over recent months.

 

 

HTW also warned against taking an overly broad view of the property market in Australia, pointing out a degree of local knowledge is important in assessing conditions in what has become quite an uneven value spread.

 

 

Australian Property Monitors' quarterly report noted a rise in house prices in Sydney and Melbourne, sparked by an impressive performance over the course of December 2011. 

 

 

Posted by Ravin Chatlani

 

 

- property, Sydney, prices, median, Melbourne, rent

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