Sydney has turned into promising investment hub for Indians

Australia, having surpassed China and New Zealand to become the third-largest country of birth for Indians, emerges as a prime investment destination, reported constructionweekonline.in.

Sumiit Gupta, director of Haansal Estate, underscores the financial potential in Australia, particularly focusing on Sydney. Sumiit notes, “While the Indian property market experiences gradual growth—residential property prices in India witnessed 5.9% year on year growth in Q3 2023, Sydney recorded a remarkable 11.9% increase last year, even reaching up to 30% growth in some of the suburbs. With over 100,000 Indians calling Sydney home, there is a significant opportunity for the Indian community to thrive through deeper involvement in the property market.”

This prospect extends to a growing sub-community of Indian students in Australia, strategically positioning themselves for the future through real estate investments. Gupta underscores the numerical evidence, stating, “Sydney has witnessed a substantial increase in median weekly rents, surging from $580 per week in 2022 to over $832 per week by January 2024, reflecting a 43% gain in the rental income for the investors in just the last two years.”

In the face of skyrocketing rents in Sydney, investing in property not only flips the equation for students but also establishes a financial safeguard through a sound investment strategy.

It’s crucial to note that when compared to other international markets like Dubai, Sydney’s real estate market exhibits long-term advantages and steady growth. Unlike Dubai, which witnessed negative capital growth between 2014 and 2021, or the USA which experienced a real estate market crash during global financial crises, Sydney’s real estate market has shown resilience over the last many decades. In the last 25 years, it has consistently avoided negative growth for periods lasting over 4 years and has consistently outperformed previous booms, showcasing its stability and attractiveness as a reliable investment destination.

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