Sydney market

hi y'all,

Just bought a 2 bed apartment in Rosebery, had no problems getting tenants for it with a 5.9% yield. I've been closely watching the Alexandria/Rosebery/Mascot areas and think out of the affordable inner city Sydney areas this area has strong potential.

There is currently a renewal program happening that covers the Green Square area surrounding Alexandria, Rosebery, Beaconsfield. These areas are largely light-industrial with a lot of warehouses that are slowly being converted. It might take time for this area to change, but it will change and I think now is a good time to buy and hold. Just stay away from noisy Botany Road or any major roads linking up to the airport.

I'd agree with Chopper - at the moment it is a hold.

Prices for sales are being hammered unless you are in the Eastern Subs or North Shore where the market has been quite strong or you have an exceptional/unique property (victorian terrace etc). If you aren't under the flight path (not many aren't) spend some money on noise abatement/insulation to make the house that little bit quieter. Also look at 'stick on' double glazing by companies like magnatite? (I think) - a layer of perspex fixed to the frame of the window to knock out some of the noise coming through the thin window glass.

good advice thank you both

I'm focusing on the rosebery/mascot/alexandria area. Anybody else have any tips for the Sydney market? It seems Chippendale/Camperdown/Newtown are overboiling, lots of talk about Marrickville/Sydenham/Petersham as well. Anybody have any opinions?