While other countries are still in the grip of the global financial crisis, a resurgent real estate market is flourishing in Australia. Nowhere is this more evident than in Sydney, Australia’s financial capital.
More than 50% of the country’s leading corporations are based in Sydney. Another important part of the city is its vibrant tourism industry which draws some 2.5 million tourists every year. The whole city pulsates with economic activity

Sydney is also a cultural and entertainment center, with many locals and foreign visitors active in these areas. Many big-budget movies have been produced here – this is why a big number of would-be actors and actresses are drawn to Sydney aside from the tourists. The city’s Opera House houses five theaters and is the home of the world’s third busiest opera company, Opera Australia. Foreign investors would certainly be interested to acquire properties here that can be rented out to the huge number of people flocking to Sydney.


Another attraction in Sydney are the international sporting events that it regularly hosts. The world-famous Sydney Harbor is ideal for recreational and competitive water sports. The Australian Rugby League is based in Sydney and its Telstra Stadium is the venue of the National Rugby League Grand Finals. Luring their own share of visitors are Manly Beach, Palm Beach and other beaches located in Sydney.

Beach front property and adjacent areas comprise some of the most valuable real estate in Sydney. There is also a substantial demand for property in suburbs such as Manly and Mosman. A good investment opportunity would be in apartment housing for people working in the city.

Real estate prices in Sydney are very high; in fact, the country has the highest property prices in relation to rental prices in the western hemisphere. Sydney also has the highest median house price in the whole country. Knowledgeable real estate investors doing global business consider the housing cost to be comparable to that of California in the U.S.

Real estate prices in Sydney have been seen to double every 7 to 10 years in the last century. At present the median price for houses is more than $600,000 and reputable business forecasters expect house prices to keep going up indefinitely.
Individuals or corporations interested in the Sydney property market would do well to hook up with a real estate agent in Australia.