Series 1, Episode 2 - Erskineville скачать в хорошем качестве

Series 1, Episode 2 - Erskineville

Back before lockdown, we had the chance to film the second episode in our Real Suburb Specialists series featuring the suburbs of the Inner West. In this episode, you’ll hear from Jo and Michael about why Erskineville is one of the most in-demand suburbs and the things you should consider if you’re planning to invest in property there. We're talking about Erskenville. Median prices in Erskineville have increased by at least 5% over 2020 and continue to rise. Demand for rental properties in Erskinville has always been high. We're close to the city, we're close to the university and we're close to the hospital and that always equals high demand from tenants. Rentals around Erskineville are around about the $700 a week pre- COVID the vacancy rate was sitting between two and three percent and it hasn't increased all that much since COVID. Erskineville, it's a village close to the CBD and the airport. It's serviced by four stations across two lines. There's also ample bus services that connect you to the CBD, the inner west and the eastern suburbs across university campuses. Not only that there are plenty of bike lanes around so people can get around without a car it's really easy to get around without a car. There's also plenty of car sharing services available in the area as well. Gentrification is very obvious in this area, there's lots of apartments and there's a lot of money going into renovating terraces so it's definitely got that wow factor. In relation to Sydney Park, the inquiry is always strong our buyer clients want to be near Sydney Park. It's unique and it comprises 103 acres, there's an off-leash dog area, community gardens and also the newly opened skate park. Parking and traffic is an issue for the area given it's so close to the CBD. Majority of parking is limited to two hours but if you want to get closer to the shops you'll have to pay for that convenience. One concern is that there are a lot of apartment developments going on and as we know a lot of apartment developments means oversupply and oversupply pushes values down for rentals and as a property manager their landlords like to have their properties leased with minimal vacancies so it's a bit of a concern about the immediate oversupply. Another concern is understanding the type of construction and the quality of construction. However, there's a lot of character in the streets in the style of homes and in the renovations. There's also a lot of newer buildings available so you do have a bit more choice in the type of unit stock that's there. The Real Suburb Specialists is brought to you by: Real Property Buyers - Your expert, independent buyer’s agency The Rental Specialists - Your partners in Sydney property management To subscribe and be the first to receive these videos direct to your inbox, click on the link below: https://mailchi.mp/24b68f320c42/the-r...