Australian property investors should look to the middle and outer suburbs of Sydney, as good-value housing lies within these areas, an expert has claimed.
Speaking at a Sydney property conference, Louis Christopher, managing director of SQM Research, said that investors should look to buy in these suburbs over the next 12 months.
He went on to say that investors should especially look in these areas if the government decides to cut sales tax, which would boost the city's housing market.
"There is an under-supply situation occurring for NSW [New South Wales]. We are actually building less dwellings now than in 1984 and have been building less since the year 2000," the Australian newspaper reports Mr Christopher as saying.
He added that the population in the city has increased significantly from 3.2 million to four million since 1984.
Earlier this month, John McGrath of McGrath Estate Agents predicted that 2011 will be a good year for Australian property.
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