Sydney 5th July 2021 Update
Property Update & Hot Tips by Barry Ison.
Half way through the year and it’s been exciting times.
Most capital cities have had good capital growth. However, the best areas have been reginal areas as Newcastle/Hunter Valley area has had land prices increase by 50%. With major land shortages which will continue for the next few years, you still have time to invest Now.
For all the investors that took the cautious road and held off buying, you will now pay a premium to buy into the market, but there is still time as house construction cost are increasing due to shortages of building material and prices still look like they are still increasing.
First Home buyers are still active in the reginal areas with the State & Federal Governments incentive schemes, they are buying House & land packages and taking over from investors.
This will continually cause a shortage of available land and increased land prices also increase rentals with vacancy rate as low as 1%. House builder are having the best sales in over 10 years.
Now is the time to invest in reginal area and the best thing is it’s up to half the price of city properties and better rental returns, no body corp fees in House & Land Packages.
HOT TIP. Great time to invest CALL ME NOW.