Supermarkets help Wolli Creek become investor hotspot HTW

Supermarkets help Wolli Creek become investor hotspot HTW
Supermarkets help Wolli Creek become investor hotspot HTW

The suburb of Wolli Creek, 10 kilometres south of the Sydney CBD has become an investor hotspot in recent times, says Herron Todd White's latest report.

"This is a suburb that has seen a large scale transformation with many high density unit developments constructed," HTW said.

The HTW report suggests investor demand has been fuelled by the addition of retail space in the area, including a newly constructed Woolworths, and Wolli Creek train station offering access to two major rail lines.

"The demographic of these investors has been both local and overseas."

The report highlighted that on the most recent CoreLogic RP Data suburb statistic report the median unit sale price in October 2014 was $640,000 and in September 2015 was $742,500.

The report also noted the indicated gross rental yield at 4.3% with a median asking rental price of $560 per week.

"This is the same story for investors seeing a dramatic gain in capital growth but resulting in a reduced yield.

"With this said, we have not yet seen any dramatic slowing of investor demand.

"It may be slightly too early to make a fair assessment on this, so we watch with anticipation how things will develop over the coming months."

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Sydney Property market

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