An amazing transformation is ocurring in the Elizabeth Bay/ Pott's point region.   Over the past few years, many of the areas hotels have closed down and become upmarket apartments.  This has attracted a new crowd and with it have come the upmarket night clubs, cafes and restaurants.

The area suits the couples without kids or the high flying executive.  They want convenience and quality...and they are getting it.

 With these changes will come solid capital growth.

In 2007, the property markets in Adelaide, Melbourne and Brisbane achieved high growth.  Sydney as a whole only achieved moderate growth. 

We are now in 2008 and have entered a time of uncertainty with a volatile stock market, predictions of economic slowdown, record petrol prices and likely further tightening of monetary policy through interest rate rises.  All these factors will slow the rapid growth seen in 2007.

So where is a good place to invest? 

Sydney apartments.

Sydney unit values have achieved very little growth over the past four years and are now cheap compared to other capital cities.  With many investors now looking to diversify out of the stock market, demand for Sydney apartments is set to heat up.

Australian Property Monitors have Sydney apartments as thieir number one pick for growth over the next few years.