Sydney apartments set to rise

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.