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Sydney the diamond in the rough for property prices

By Craig Pontey

When you’re looking for a new place to set up shop in Sydney, it’s hard to overlook the eastern suburbs. Between the prestige real estate in Potts Point and the yachting vibe of Rushcutters Bay, there is a wealth of great activities and homes to be found.

As at October 2014, the RP Data CoreLogic quarterly review noted that all property in Australia totals $5.6 trillion in value – with so much to choose from, it can be difficult to work out exactly where to buy. By taking a closer look at places like these eastern suburbs, you may find just the vibrant community and shopping hub that you have been looking for.

But how do you know where to find the most suitable property for your financial situation?

Sydney property the national leader

The Real Estate Institute of Australia says Sydney is currently the only market where the median house price has increased in the September quarter of this year, so it is the obvious choice when it comes to finding somewhere to invest in real estate.

Getting a foothold on a property that is growing in value is a great way to set up a next egg for the future. Property can be a stable investment, which is what you deserve. What’s more, real estate is an important piece to have in your asset portfolio as you approach the golden years.

By looking at buying a property in Sydney, particularly in the prestige areas of the eastern suburbs, you can find a great piece of real estate. Whether you wish to be an owner-occupier or rent the home out and use an expert property management team, you are getting your hands on a valuable asset.

If you’re looking for a mortgage broker in Double Bay or surrounding areas, contact Daniel Pym and he will assist you in finding the right home loan product.

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