News that Australia’s migrant intake has been boosted by the Federal Government will increase demand for rental properties, providing investment opportunities in Sydney according to Frank Death, CEO of HomeWorld Display Village.

“There is already a severe shortage of suitable rental accommodation in the Sydney metropolitan area and the news that the intake will be 350,000 more than planners expected, can only increase that pressure.

“This means even more rental accommodation is going to be needed in a variety of suburbs as NSW will receive the most new migrants. Sydney’s population is predicted to increase by 800,000 by 2021 despite people moving on to other states.

“New home building, to meet the states normal requirements, is already lagging behind so there are opportunities for smart property investors.

“HomeWorld builders have an incredible range of designs to select from and there are home and land packages suitable for investment to take advantage of the rental market. Different accommodation options are available for the property market,” said Frank Death.

Frank Death, CEO HomeWorld Display Village.