Investing in Sydney and the Nitty-Gritty of Negative Gearing
by John Edwards
Founder of Residex Pty Ltd and Consultant to Onthehouse.com.au.
We have often spoken about the issue of a two speed economy. In the past few years, we were referring to the significant economic activity in the resource sates compared to sluggish performance in the non-resource states. Today however, there is a deeper divide developing between the two – not in general economic activities – but in the housing markets.
In Table 1, ‘Monthly Summary’ we provide the growth rates for our markets as at the end of October 2014. This table clearly shows the very strong growth in Sydney and the significant price differences between the markets.