At this point, Sydney is the undisputed King, Queen, accountant, advisor to the court and jester of the Australian property market. It has dominated value growth over the last few years, has a strong pipeline of infrastructure, and continues to thrive even as prices rise.
At Crown Group, we work hard to find spots within this high-performing city that will enrich even the highest-value property portfolio. We haven't selected Waterloo as the site of the new Waterfall by Crown Group development on a whim. We've chosen it because it is one of the brightest jewels in the crown (excuse the pun) that is the Sydney property market.
Here is what makes Waterloo such an appealing spot for home buyers and investors alike.
Premium location in the heart of Sydney
Waterloo stands as one of the best locations for inner city living. The Cross City Tunnel means it is a quick commute to the heart of the CBD, and Waterloo itself has multiple shopping locales, hotels, parks and schools that can satisfy anyones needs.
You also sit a stones throw from Centennial Park – although you may be too swept up in our central watergarden and eight-storey waterfall to notice external flora and fauna near you. Those that need to catch a game every weekend will find the SCG only a short walk away, and the University of Sydney's proximity means that education is never far off.
Waterloo stands as one of the best locations for inner city living.
Within Waterloo itself, Elizabeth Street and Young Street form twin pillars of supply, giving people living in Waterfall by Crown Group everything they need within a five minute walk. Unlimited access to the finer things in life and a prime location mean that Waterloo is sought after by anyone that wants to live in Sydney.
The right numbers for investors
According to CoreLogic RP Data's July 31st value indices, Sydney's units and apartment have increased in value by 9.41 per cent over the past year – an ever better performance than detached homes. Considering units are such hot property at the moment, it's no wonder. This looks like it will keep going, and Waterloo is primed for growth.
With Waterfall by Crown Group, you can live in one of the best projects to grace this part of the city.
Figures from Residex show that units in Waterloo haven't just had excellent capital growth in the last year, they are ideal for rental yield. This metric sits around the 5 per cent mark, a better return than investors are likely to see on units and houses in the bulk of the city, given rapid increases in dwelling values.
Waterloo is predominantly an apartment suburb, with more than 8,500 units and 770 houses. It means apartment developments are in hot competition, and with Waterfall by Crown Group, you can live in one of the best projects to grace this part of the city.
Long term gains ripe for the taking
If you look at the long term, you can see bountiful profits from investment in the City of Sydney council area – which includes Waterloo. The CoreLogic RP Data Pain and Gain report for the June quarter of 2016 showed that for this central LGA, 98.2 per cent of sales in that three month period ran at a profit.
With an average hold time of 8.6 years for profitable units and mean profit of more than $330,000, there are clearly big capital gains in the making for those that take the time and money to invest in the central parts of Sydney. Waterfall by Crown Group, with a plethora of top tier residential apartments, gives you the opportunity to do just that.
Conditions ripe for buying into the heart of Sydney
Residex statistics show that the median unit price in Waterloo is just above $800,000 – but for that premium, you get the best living there is to have in the city. And thanks to recent moves from the Reserve Bank of Australia (RBA), it has become even easier to get on the property ladder.
The RBA recently cut the official cash rate to 1.5 per cent, a record low point. Banks have lined up to follow this move, which means you pay less interest on a home loan, giving you even more power to get the home you deserve.
Whether you want the luxurious prestige lifestyle of Waterfall by Crown Group for yourself or want to buy into a fantastic property development in Sydney as an investor, this is an unprecedented opportunity to secure financing that works for you.
Find out more about Waterfall by Crown Group
Waterloo is immaculately poised to continue growing over the next few years, and you have the chance to be a part of that. Living in the centre of the city, being part of an absolutely unique residential project, taking advantage of record-low interest rates and getting the utmost value for your money – what more could you want?
To find out more, get in touch with Crown Group today.