WINTER TRENDS: Open inspection numbers continue to remain strong, particularly in Sydneylinks' area of investment property sales. However, the trend that emerged at the beginning of 2010 has compounded to the point where 90% of clients I meet are now investors. First home buyers have all but disappeared, and it saddens me to think that the "Great Australian Dream" of owning your own home is almost purely a Dream.
HIGHS & LOWS: Sydney's income-to-house-price ratio is 9 times the median income. No wonder loans for owner-occupied housing are at 9-year lows! This naturally puts more people in the market for rental property.
GROWING & SLOWING: Property prices continue growing but at a slowing rate. Considering this, owners of investment properties currently leased with good returns are in a great position to sell! Increased investor finance in the last 12 months proves investors are buying up big.
APARTMENTS RISE HIGH: Good news has emerged for owners of high-rise apartments: In the past, houses have appreciated more than units but the tables have turned! RP Data-Rismark research proves it, but you may ask why? Perhaps it is because units are more affordable, or because they tend to be located close to cafes, shops, transport and work centres.
EASTERN SALES: Sustained rental and sale demand in Sydney's Eastern Suburbs makes it an appealing time to buy or sell investment property. If you are in the market to buy or sell contact me today. I look forward to being of assistance.
Click to link to more info statistics and research related to this article, as published by Sydney Morning Herald, RPData and Australian Bureau of Statistics.
By Martyne Ford -Sales Agent & Marketing Manager martyne@sydneylinks.net
Tuesday, August 17, 2010
INVESTORS DOMINATE as First Home Buyers Hibernate
Labels:
First Home Buyers,
property investment,
Property Sales,
rentals,
RPData
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