With the financial crisis essentially over and tenants vying for their spot in Sydney Suburbs, now is the time for investors to look at their portfolios…
Sydney’s rental tough market is just about to get tougher with many suburbs showing less than 5% vacancy rates. But what spells more bad news for renters is good news for property investors as they are able to pick and choose from quality tenants, negotiate higher rents and experience higher gross yields.
With the growing number of wealthy foreign-nationals looking to buy property in Sydney as owner-occupiers and investors, this means property investors have a good range of perspective buyers – skilled migrants who have high than average disposable incomes and are driving up property prices in Sydney.
With the Australian property now 5.5 times household income, the great Australian dream is now being redefined with new investors entering the market who are choosing to invest in property and rent and take advantage of Australia’s attractive tax laws rather than become owner-occupiers.
Property buyers are slowly starting to take note of changes in the market after the extension to the first home owner’s grant ended at the end of 2009 and are looking to buy as well. This is a good time for property investors to shuffle their portfolios and to acquire new properties in high demand suburbs.
Economic indicators are still favourable towards buying investment properties with a stable economy with strong employment levels, improving business and consumer confidence, manageable inflation and low interest rates. While interest rates are expected to rise in 2010, we still have relatively low rates compared to long term trends.
Whether you’re a skilled migrant looking to buy a property in Australia, a new investor looking to create wealth through investing or a seasoned property investor wanting to add to their investment portfolio, property investors agents like Amanda are able to help you find a unique and tenant-friendly property that is a sound, long term investment.
Amanda On My side offers exceptional buyers agent services throughout Sydney and across Australia. Engage a professional real estate buyers agent to help you find the best property at the right price. A property buyers agent, also known as property finders or a buyers advocate, can help find, research and bid on your next home or investment property. Need a buyers Agent Sydney – then you need Amanda on your side.
Tags: buy home in sydney, buyers agent, help buy a house, property buyers agent
