Series 1, Episode 4 - Pyrmont скачать в хорошем качестве

Series 1, Episode 4 - Pyrmont

Want to explore somewhere outside your LGA? Before we went into lockdown, we went on a tour of Pyrmont to see what’s been happening in the property market in this Sydney suburb. So, sit back and imagine yourself walking by the waterfront or exploring some of the historic gems that Pyrmont has to offer. We're in Pyrmont at Elizabeth Healey Hark. We're going to discover Pyrmont so let's have a chat. Pyrmont's one of Sydney's smallest suburbs at just 0.9 square kilometers but it's high density, there are 13,000 residents and 92% of them are living in apartments. Median sale prices for a two bedroom unit in Pyrmont is $1,080,000. There's very limited stock in Pyrmont but median house prices for Pyrmont are $1.7M. Interestingly two-thirds of Pyrmont's residents are renters, so that makes it a really good area for investors who are investing for the longer term. Demand primarily comes from its proximity to Sydney University and the UTS and professionals are drawn to the area because of its walking distance to the city. Pyrmont is going through a significant development period. It's coming onto people's radar. Although it's a really built up area but there is actually a lot of green space around in Pyrmont. One of the highlights of Pyrmont in fact is Pirrama Park. There's waterfront, there's a range of facilities, there's kids play equipment, there are free barbecues, it's very very modern and offers views to the city and to Barangaroo. The biggest project is the redevelopment of the fish markets. This redevelopment is going to include an extended waterside promenade, new recreational wharf and ferry, an amphitheater overlooking the city skyline. The new metro station stop at Pyrmont is another transport option for tenants and residents living in the area, we can never have too many transport options available. High prices are being achieved in Pyrmont for relatively small unit sizes. There's a lot of development plan and redevelopment in place and the time that it took for the redevelopment of the convention center has taken some of the locals away from the area. It's also not the new go like Barangaroo. Things are starting to get better in the area so people are coming back but one of the concerns is that there is still no clear concept or scheme in terms of what's happening. So you're not going to see a massive jump in value straight away and it really is a long-term investment. It is a long-term investment and what landlords need to consider is the cost of holding those properties moving forward when you start paying for things like concierge and pools and gymnasiums and other resort style facilities that translates into higher strata levies and those costs need to be considered when you're considering a purchase and looked at in terms of the rental returns that you're going to achieve. Overall Pyrmont got fantastic long-term potential and tenants love living here there's so much to offer tenants in terms of proximity to the city and the amenity. The Real Suburb Specialists The Rental Specialists 7 / 10