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

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

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