Today I want to talk to you about Sydney investment property. That is, investing in property in Sydney. For the long term, and when I talk the long term, you need to be able to buy a property and hold it for at least seven years before you see the tables turn. In regards to its capital gain rental growth, some of my tips for buying a property in Sydney would be:
Location. I know that you can pick pick these great locations but you can't afford them. Therefore, you should be purchasing a B Grade or a C Grade location because you can afford it, but make sure you're buying an A Grade property which you can add value to. By either adding an extra room, extending, renovating a kitchen or bathroom.
It might be an area that may be rezoning so you would need to check whether it is zoned for units, and therefore if you hold it long enough it's something that could double in price later on by being in a precinct that may develop infrastructure e.g. a new hospital. But what I can guarantee you is that from the 25 years that I've been in real estate, if you hold onto a Sydney investment property there's a 99% chance that the property's value would in ten years time. Sydney would have to be one of the safest places for investing in property, and I urge you at the moment being October 2018, that this is a prime time to go in after the markets come off to buy an investment property. Maybe it might be for a tax deduction, a negative gearing situation, for a capital gain situation, or you want it in your superannuation fund which we do specialise in buying. But what I can say is that Sydney is one of the best places in the world to buy a property.