Over 2018 and into 2019, Sydney has seen the most significant falls in house prices, after adjusting from peak 2017 prices. As a result of tighter lending practices, especially those driven by APRA’s macroprudential measures in early 2017, investors took a step back from the market, which is a part of why prices in the major markets of Melbourne and Sydney decline. However, the largest falls have been seen in the higher deciles, leaving the most affordable homes relatively unscathed. This is good news for investors who are still looking for short to mid-term investment options for flipping, or first-time investors or buyers looking to enter the property market.
While Sydney has long been touted as one of the most unaffordable cities in the world, there are still opportunities to find investment opportunities. Below are 50 homes in and around Sydney that are hovering under $500,000 and represent a mix of apartments, small homes, and opportunities to inject quick value through renovations. Happy hunting!
1/135 Elizabeth Drive, Liverpool NSW 2170 – 2 Bedrooms
10 Hall Place, Minto NSW 2566 – 3 Bedrooms
19 Kelso Street, Goulburn NSW 2580 – 4 Bedrooms
7/124 Saywell Road, Macquarie Fields NSW 2564 – 2 Bedrooms