PRDnationwide has announced which Sydney suburbs will be the best performers over 2011.
According to a new report by the real estate, 2011 will pose a great opportunity for repositioning or investment in well located properties, with potential for capital growth and increase in rental yields.
The report’s author and research analyst Oded Reuveni Etzioni said Enmore, North Strathfield, Campsie, Riverwood, Rosehill, West Ryde, Dee Why and North Narrabeen would be the best places to invest over the coming 12 months.
“Suburbs have been chosen based on current pricing levels, infrastructure, property trends, access to amenity and other factors,” Mr Reuveni Etzioni said.
“The strong capital growth demonstrated in 2010 is not likely to repeat itself, however, buyers now have greater control on the market, and can expect greater flexibility when negotiating prices.”
PRDnationwide research found that 132 suburbs across Sydney recorded at least 10 per cent growth over 2010.
“The highest growth in the house market occurred in suburbs along the M2 Motorway and in the Inner West, where the suburb of Newtown saw its median house price increase 29 per cent over the year,” he said.