LOVE MONEY? BUY PROPERTY. IT’S THAT SIMPLE.
Newsflash, the bubble’s not bursting kids.
When the median Sydney house price is up by 13.7% from this time last year & climbing, properties are selling for $1.8 million above reserve, vendors are gaining $200k in just 12 months & when a unit sells every 60 seconds, you could say these are reasonably good indicators that Sydney property is where you need to be parking your coin.
Property right across Sydney has sky rocketed & just where it will stop, nobody knows. Those people that have been sitting pretty on the side lines waiting for the ‘opportune’ time to get into the property market, we’re sorry to tell you that you just did yourself out of a stack of money as Sydney real estate takes off in a very big way. You haven’t missed the boat just yet so if you are contemplating buying property anywhere in Sydney, PLEASE don’t wait any longer (unless of course you don’t like money!!).
Don’t believe us. Here’s a list of vital signs the property market is the hottest commodity right now & not ceasing anytime soon.
1. PROPERTIES ARE SELLING WELL, WELL ABOVE RESERVE.
Been to an auction lately? We have. They’re selling for well over reserve price. A property in Sydney’s Eastern Suburbs recently sold for $1.8 million above reserve! While this snazzy figure is rare on the Northern Beaches, it only takes two to tango & push up a price under the hammer…a familiar scenario at auctions all over Sydney at the moment.
2. PROPERTIES GETTING POSH PRICE TAGS.
Whether it’s a fishing lines throw to the surf or not doesn’t seem to matter anymore. Small 65sqm pads are going for hefty price tags & are being snapped from the market in a heartbeat.
3. VENDORS GAINING $200K IN JUST 12 MONTHS.
Properties purchased just 12 months ago that have had zero work done to them, have been placed back onto the market just a year later & are making stunning profits!
4. ORDINARY HOMES ARE BRINGING IN BIG BIDDER NUMBERS.
They’re coming to auctions in the droves…large group of registered bidders on very ordinary properties are pushing up the price tags!
5. HUMBLE HOMES ARE PEOPLE MAGNETS.
A year ago a dozen registered bidders was an impressive number at an auction (& still is)….these days auctions are seeing 30 to 40 serious bidders at some auctions, particularly where the homes are humble & ordinary.
6. UNITS SELLING EVERY 60 SECONDS.
A development in the North West had a unit sell every 60 seconds last Saturday with ticket prices between $599k – $1.4 million. Incredible!
7. LOWER THAN LOW INTEREST RATES.
Today’s extremely low interest rates have not only spurred on buyer confidence to borrow & spend more for their next home, they have also given investors the giddy up.
Why park your money in the bank when you can make more by playing the property field?
With Sydney house prices up by 13.7% compared to this time last year, it’s a much better deal than the ‘big four’ can offer.
Buy or cry. You choose.