Manly apartments rank among Sydney's top performing unit hotspots: PRDnationwide

Manly apartments rank among Sydney's top performing unit hotspots: PRDnationwide
Staff ReporterJanuary 30, 2017

The Sydney unit market was now in a stabilisation phase following substantial additions to supply of new units, according to the latest report from PRDnationwide.

The Sydney Hotspots: Second Half of 2016 report focused on suburbs within a 20km radius of the CBD, taking into consideration the following factors:

  • Sales indicators - median price growth over 2016 and previous years, number of sales, average days on the market, and vendor discounting.
  • Rental indicators - median rental price, rental yield, and vacancy rates
  • Affordability - the average New South Wales home loan, of $443,893* as at June 2016, which is a change of 1.9% over the previous quarter.
  • Project developments commencing in 2016 - commercial, mixed use, infrastructure, industrial and residential. This indicates potential increases in economic and commercial activity, interconnectivity to the key transport routes, the CBD and other major urban business hubs

Click to enlarge:

 

Editor's Picks

Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner
James Place to bring new life to Fortitude Valley’s James Street precinct
Tian An quickly sells 25% of apartments in North Village, Auburn, following successful launch
Infrastructure drives new momentum in Melbourne’s Sunshine Precinct
Gardner Vaughan plans Eden Caloundra launch after $19m site purchase