There's no doubt its prime time for investors with property prices low, interest rates low, and vacancy rates at an all-time low across Sydney.
Uncertainty in the local and global economy is forcing these interest rates down and keeping them there ,which will over the next year stimulate the property market encouraging people to buy rather than rent but there will always be the people that can only ever afford to rent.
A good example we bought a property for a client last week in Parraween street Cremorne for $700,000 and asked for permission to show tenants through before settlement. The property was only open for one weekend and rented for $695.00 per week giving our client a 5.1% return.
We bought another property for $519,000 last week for a client and rented the property out in first week for $560 per week giving a massive 5.6% return.
If you are looking for some help to find a great investment property and just don't have the time or energy to do so, feel free to give the team a call on 99601066 and we will organise everything from search to settlement for you.
Wednesday, 26th Sep
Prime time for Investors
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Sydney Property Market Update
October 2, 2024Peter Kelaher’s Sydney Property Market Update October 2024Interest rates coming down and stock growing The team purchased 14 properties in September totalling over $45 Million dollars, so…
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