Sydney October 2022 Update
Property Update & Hot Tips by Barry Ison.
Welcome to the New Australian Property Market.
Yes that’s right the Australian property market has changed.
The Australian market has never seen so many changes all at the same time than in the last few years.
The new change is now increasing interest rates affecting people’s ability to buy a new home or investment property.
However, with higher interest rates and higher inflation, including shortage of available land we can look forward to higher prices in outer areas which are expanding, similar to 30 years ago when the country was in a similar position
Immigration is to increase to about 190,000 per year, which is difficult as the market we have has a shortage of housing and available of land with below 1 % vacancy rate.
New investment properties are now only obtaining 3-4% rental returns and even lower returns.
The answer is to look at reginal areas of Australia still showing high capital growth and high rental returns and also look at different types of property types.
I have House & land Package from $400,000 with up to 5% rental returns.
Units Project with high rental returns. From 6-7%
One Bedroom from $480,000 approx. rent $655 per week 7% rentals
Two Bedroom from $655,000 approx. rent $875 per week 7% rentals
Other Property Investments with Government income NDIS from $660k with 8-15% rentals return.
Land is in short supply and availability is 6 to 12 months away from being registered to build a home on it.
Due to the shortage of registered land. Land owner require buyers to have loan approval and ready to exchange on land contracts with 10% deposit.
I have brokers that can assist with loan application and we can assist you obtain the right investment property.
The treasure admitted at the Budge release 25/10/2022 there is a major shortage of accommodation for renters and it will take a few years to recover, and further relief to First Home Buyer with 10,000 grants for them, this will inflate land prices again like last year, with land prices increasing.
More buyers will be forced out of the market if they do not act now, as their borrowing capacities reduce and land prices increase.
Contact me now and discuss your situation and how you can start in investing in real estate.
HOT TIP. Great time to invest Contact ME NOW.
