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The most lucrative property are...

The most lucrative property areas for Sydney in 2016

Over the past year, prices in Sydney have been on the increase, which has been to the pleasure of investors across the board.

In some suburbs, house prices have risen by over a third and although we're early into 2016, the lower north shore of Sydney looks like it is set to remain strong and there are several areas that look to be particularly lucrative this year, according to Realestate.com.au.

Of these suburbs, it seems that Cammeray, Crows Nest and North Sydney are the areas to watch due to particularly high-quality and ideally located properties.

These three areas are also showing impressive capital growth, which makes them exciting for investment opportunities.

Over the past 12 months, Cammeray has been a clear example of this growth, but this part of Sydney in particular is being called "the one to watch".

During this year, Cammeray's house and unit prices have increased by 22.1 per cent and 23.7 per cent respectively, according to data from CoreLogic RP.

Cammeray's appeal is partly due to its bushland setting, its close proximity to the coast and a booming local culture and community.

This area's median house price is marked at $1.908 million (£933,549), which is considerably more affordable than the $2 million median house price in Neutral Bay, Cremorne and Mosman.

With regards to the property market in Crows Nest, the area had an excellent year in 2015 and house prices recorded the third-highest capital growth rate on the north shore.

Those who are looking to invest in high-end property will be pleased to see that in this area house prices increased by 32.4 per cent over the year and rose again by 12.8 per cent since December.

Crows Nest is fastbecoming one of Sydney's top-end luxury suburbs with experts predicting that the improvement in infrastructure will see house prices raise another ten per cent, which is expected to lure developers to the area.

As the area is serviced by a reliable metro line and new developments, buyers attracted to Crows Nest tend to be first-home buyers, professionals and young couples.

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.

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