The latest research published by Savills shows that homes in Sydney have seen their values increase.
According to the firm, the average price of a dwelling in the New South Wales city in June rose by 1.6 per cent, with houses experiencing a boost of 3.4 per cent, compared to a year earlier.
However, the number of transactions taking place in the market over this period declined by 16.8 per cent for residential units as a whole and by 19 per cent for houses.
Savills noted that vacancy rates in the city remain very low at 1.5 per cent, citing the most recent data published by the Real Estate Institute of New South Wales.
As a result, investors have "enjoyed increased demand and consistent rentals", with the organisation anticipating that this scenario will continue "due to the continued disparity between the supply and demand of residential accommodation".
Eynas Brodie, editor of Australian Property Investor, recently stated that overseas investors are attracted to the nation's real estate sector for a number of reasons, including its education system, business opportunities and political stability. (Propertyshowrooms)
