- 12 Jun 2024
- By API Magazine
An interactive map and wealth of supporting information based on eight crucial investment metrics has unearthed Sydney’s 11 most appealling hotspots for property investors.
As Spinal Tap so amusingly demonstrated in their comedic rockumentary, sometimes 10 is just not enough.
In keeping with the philosophy of chasing that extra decibel and cranking the volume up to 11, API Magazine unveils Sydney’s 11 best property investment prospects.
While none are in The Rocks area, they all represent a sound real estate investment suburb.
So, without any further ado, give a big warm Sydney welcome to this 11-piece supergroup rocking the house for Australian property investors.
1. Horningsea Park: potential for strong growth
Horningsea Park, located in the Sydney – South West region within the Liverpool LGA, is emerging as a notable suburb with significant growth potential. Currently, the median listing price stands at $980,000, showing stability compared to $978,500 from 12 months ago.
Rental prices have increased to a median of $700, up from $630, indicating a robust rental market. With inventory tightening to 0.97, a decrease of 0.23 from three months ago, the market is highly competitive.
The suburb’s yield is a healthy 3.72 per cent, and the low vacancy rate of 1.56 per cent further underscores its attractiveness to investors.
Horningsea Park also offers strong rental affordability at 28.49 per cent Horningsea Park also offers strong rental affordability at 28.49 per cent of average income in the area and buy affordability at 7.65 years, making it accessible to both renters and buyers. The average household weekly income is $2,457, supporting the area’s economic stability.
Additionally, 20.53 per cent of homes are fully owned, reflecting a stable community base. Located 35 kilometres from Sydney’s CBD, Horningsea Park provides convenient access to the city while maintaining a suburban charm. With an impressive investor score of 4.7 out of 5, the suburb is poised for growth, potentially exceeding 5 per cent, making it a prime target for savvy investors.
2. Glendenning: a promising suburb for investment
Glendenning, situated in the Sydney – Blacktown region and governed by the Blacktown LGA, is showing strong signs of growth potential. The median listing price has risen to $999,000, up from $825,000 a year ago, reflecting a dynamic market.
Rental prices have also increased, with the median lease now at $600, compared to $510 previously. The inventory has tightened to 0.54, down by 0.94 from three months ago, indicating a high demand for properties.
The suburb boasts a yield of 3.43 per cent and a very low vacancy rate of 0.38 per cent, making it highly attractive to investors. Glendenning’s rental affordability is at 27.24 per cent, while buy affordability stands at 7.94 years, balancing the needs of both renters and buyers. The average household weekly income is $2,203, and 14.1 per cent of homes are fully owned, suggesting a mixed demographic of renters and homeowners.
Located 35 kilometres from the Sydney CBD, Glendenning offers convenient city access.
With an investor score of 4.7 out of 5, the suburb is well-positioned for future growth, potentially exceeding 5 per cent, making it an appealing investment opportunity.
3. Spring Farm: growth on the horizon
Spring Farm, located in the Sydney – Outer South West region within the Camden LGA, is poised for notable growth. The median listing price is currently $970,000, a slight increase from $949,400 a year ago.
The rental market is strong, with median lease prices at $660, up from $620. The inventory level is at 2.61, with a minor decrease of 0.11 from three months ago, indicating a balanced market with potential for upward pressure on prices.
The suburb offers a yield of 3.65 per cent and a low vacancy rate of 0.56 per cent, making it attractive to investors. Rental affordability is at 27.47 per cent, while buy affordability stands at 7.52 years. The average household weekly income is $2,403, and 10.61 per cent of homes are fully owned, reflecting a diverse community.
Located 50 kilometres from Sydney’s CBD, Spring Farm combines suburban living with accessibility to city amenities.
With an investor score of 4.6 out of 5, Spring Farm is well-positioned for growth, potentially exceeding 5 per cent, making it a suburb to watch.
4. Kings Park: a suburb with growth potential
Kings Park, situated in the Sydney – Blacktown region and managed by the Blacktown LGA, is showing significant promise for growth. The median listing price has surged to $1,177,000 from $940,800 a year ago, indicating a dynamic market.
Rental prices have also increased to a median of $600, up from $550 previously. The inventory is at a low 0.43, a decrease of 0.18 from three months ago, highlighting high demand.
With a yield of 2.77 per cent and a vacancy rate of 0.77 per cent, Kings Park is an attractive option for investors.
Rental affordability stands at 27.45 per cent, while buy affordability is at 9.91 years. The average household weekly income is $2,186, with 26.99 per cent of homes fully owned, indicating a stable community.
Located 31 kilometres from Sydney’s CBD, Kings Park offers easy access to city amenities while maintaining a suburban appeal.
With an investor score of 4.5 out of 5, Kings Park has the potential for growth exceeding 5 per cent, making it a valuable investment opportunity.
5. Glenfield: strong investment potential
Glenfield, located in the Sydney – Outer South West region and governed by the Campbelltown (NSW) LGA, presents strong growth potential.
The median listing price is $994,500, up from $940,000 a year ago. Rental prices have also risen, with the median lease now at $640 compared to $550 previously.
The inventory level is at 2.25, a significant decrease of 0.82 from three months ago, indicating a competitive market.
The suburb boasts a yield of 3.28 per cent and a low vacancy rate of 0.49 per cent, making it attractive to investors. Rental affordability is at 30.92 per cent, while buy affordability stands at 9.43 years. The average household weekly income is $2,070, with 22.15 per cent of homes fully owned, reflecting a diverse community.
Located 31 kilometres from Sydney’s CBD, Glenfield offers convenient access to city amenities.
With an investor score of 4.5 out of 5, Glenfield is well-positioned for growth, potentially exceeding 5 per cent, making it a prime investment opportunity.
While Sydney’s historic Rocks area (pictured) is not included, it’s more than apt that number 11 on our investors’ hotspots list is rising star North Rocks.
6. Erskineville: prime inner-city growth
Located in the Sydney – City and Inner South region, within the Sydney LGA, Erskineville is poised for impressive growth.
The median listing price has surged to $2,124,000, up from $1,630,000 a year ago, reflecting a highly competitive market. Rental prices have also increased, with the median lease now at $880 compared to $830 previously.
Inventory is at 1.52, with a minor decrease of 0.09 from three months ago, indicating strong demand.
The suburb offers a yield of 2.38 per cent and a low vacancy rate of 1.43 per cent, making it an attractive option for investors.
Rental affordability stands at 29.14 per cent, while buy affordability is at 12.26 years. The average household weekly income is $3,020, and 12.69 per cent of homes are fully owned, suggesting a dynamic demographic.
Located just four kilometres from Sydney’s CBD, Erskineville offers prime city access.
With an investor score of 4.3 out of 5, Erskineville is well-positioned for growth, potentially exceeding 5 per cent, making it a desirable investment opportunity.
7. Rozelle: inner west growth potential
Rozelle, situated in the Sydney – Inner West region and managed by the Inner West LGA, shows promising growth potential.
The median listing price is currently $2,300,000, up from $2,050,000 a year ago, indicating a strong market.
Rental prices have increased, with the median lease now at $1,050, compared to $830 previously. The inventory level is at 1.36, a decrease of 0.17 from three months ago, reflecting high demand.
The suburb boasts a yield of 2.48 per cent and a vacancy rate of 1.36 per cent, making it attractive to investors. Rental affordability stands at 32.85 per cent, while buy affordability is at 13.24 years.
The average household weekly income is $3,196, with 26.12 per cent of homes fully owned, indicating a stable community.
Located just three kilometres from Sydney’s CBD, Rozelle offers easy access to city amenities while maintaining a suburban charm. With an investor score of 4.3 out of 5, Rozelle is poised for growth, potentially exceeding 5 per cent, making it a prime investment opportunity.
8. Loftus: Sutherland Shire’s hidden gem
Loftus, located in the Sydney – Sutherland region within the Sutherland Shire LGA, is poised for notable growth. The median listing price has risen to $1,553,250 from $1,328,880 a year ago, indicating a strong market.
Rental prices have remained stable, with the median lease at $850. The inventory level is at 1.03, a significant decrease of 0.92 from three months ago, highlighting high demand.
The suburb offers a yield of 3.09 per cent and a low vacancy rate of 1.56 per cent, making it attractive to investors.
Rental affordability is at 35.05 per cent, while buy affordability stands at 11.34 years.
The average household weekly income is $2,425, with 43.01 per cent of homes fully owned, reflecting a stable community.
Located 25 kilometres from Sydney’s CBD, Loftus combines suburban living with accessibility to city amenities.
With an investor score of 4.3 out of 5, Loftus is well-positioned for growth, potentially exceeding 5 per cent, making it a suburb to watch.
9. Tempe: inner-city growth potential
Tempe, located in the Sydney – City and Inner South region within the Inner West LGA, presents strong growth potential. The median listing price is currently $1,710,000, up from $1,455,000 a year ago, indicating a competitive market.
Rental prices have increased, with the median lease now at $830 compared to $740 previously. The inventory level is at 0.81, a decrease of 0.30 from three months ago, reflecting high demand.
The suburb boasts a yield of 2.70 per cent and a vacancy rate of 1.18 per cent, making it attractive to investors. Rental affordability stands at 33.85 per cent, while buy affordability is at 12.55 years. The average household weekly income is $2,452, with 30.17 per cent of homes fully owned, suggesting a stable community.
Located just seven kilometres from Sydney’s CBD, Tempe offers convenient city access.
With an investor score of 4.3 out of 5, Tempe is well-positioned for growth, potentially exceeding 5 per cent, making it a desirable investment opportunity.
10. Randwick: Eastern Suburbs excellence
Randwick, situated in the Sydney – Eastern Suburbs region within the Randwick LGA, shows strong growth potential. The median listing price has risen to $3,445,000 from $3,026,400 a year ago, indicating a robust market.
Rental prices have also increased, with the median lease now at $1,495, compared to $1,290 previously. The inventory level is at 1.86, a minor decrease of 0.08 from three months ago, reflecting high demand.
The suburb offers a yield of 2.30 per cent and a vacancy rate of 1.35 per cent, making it attractive to investors. Rental affordability stands at 26.88 per cent, while buy affordability is at 11.43 years.
The average household weekly income is $2,422, with 23.28 per cent of homes fully owned, suggesting a diverse demographic.
Located just six kilometres from Sydney’s CBD, Randwick offers easy access to city amenities while maintaining a suburban charm.
With an investor score of 4.3 out of 5, Randwick is poised for growth, potentially exceeding 5 per cent, making it a prime investment opportunity.
11. North Rocks: Parramatta’s rising star
North Rocks, located in the Sydney – Parramatta region within the Parramatta LGA, is poised for notable growth.
The median listing price has risen to $2,000,960 from $1,772,760 a year ago, reflecting a strong market. Rental prices have increased, with the median lease now at $780 compared to $700 previously. The inventory level is at 1.66, a decrease of 0.25 from three months ago, indicating high demand.
The suburb boasts a yield of 2.09 per cent and a low vacancy rate of 0.97 per cent, making it attractive to investors. Rental affordability stands at 33.14 per cent, while buy affordability is at 15.85 years.
The average household weekly income is $2,354, with 35.62 per cent of homes fully owned, reflecting a stable community.
Located 20 kilometres from Sydney’s CBD, North Rocks combines suburban living with accessibility to city amenities.
With an investor score of 4.1 out of 5, North Rocks is well-positioned for growth, potentially exceeding 5 per cent, making it a suburb to watch.
Article Q&A
Where are the best property investments in Sydney?
API Magazine details the top 11 suburbs with the best real estate investment potential, ranging from outer suburban Spring Park and Loftus, to inner city Rozelle and Erskineville.
