Sydney 15th June 2020 Update
Where to buy after the Coronavirus:
As we move out of lock down and back to normal living
Australia has sacrificed a great deal to get to where we are now with very low new cases of Coronavirus Nationally.
The virus has affected various part of Australia property markets in different ways.
This depended on the location of the property and the type of work force in that area.
Now looking forward and where best to invest, you need to look at these factors.
· What type of jobs in a particular area?
· How has it affected vacancy rates?
· What are the vacancy rates now?
· Recovery time for the area.
· What is the rental return now?
· Available stock to buy.
These questions will tell you where best to buy now, as with very low interest rates buying now is a great time.
If we are at the bottom there is only one way but up.
One of the areas that has weather the virus storm is the Newcastle / Hunter Valley area 2 hours north of Sydney.
From Newcastle to Muswellbrook vacancy rates are low about 2% land supply is low for new houses and tenants are ready to move in now.
House & Land packages from 4 bed home from $470,000 turn key and landscaped with rentals about $450 pw. these are great investments, Dual Key 3 + 2 beds from $585,000 rentals $720 pw. 6% return.
Need to know more contact me now.