Every newspaper I pick up, every broadcast I see…it’s all about Sydney right now. Demand for Sydney property is absolutely exploding…we’re seeing unprecedented performance in this market, activity we haven’t seen in decades. Anyone investing in the Sydney property market should be grinning from ear to ear…you’ve tapped into an extraordinary time in Sydney property.
Here’s just one incredible example of phenomenal demand. Just a couple of weeks ago in Sydney, 581 off-the-plan apartments sold in less than five hours. Can you believe it…581 apartments and over $600 million dollars in sales in that short window. Take a listen to my latest market update here:
People are making money hand over fist in this environment and anyone who hasn’t jumped on this opportunity is leaving money on the table. I’m urging everyone to do their utmost to find a way to buy property in Sydney. This is no time for excuses…one of the best I’ve heard lately is the ‘affordability crisis,’ suggesting that property is becoming out of reach of the everyday Australian. It’s simply not true, and a closer look at the numbers confirms this in no uncertain terms.
Just days ago, BIS Shrapnel figures confirmed that mortgage repayments on a median priced house require less income today than in 1989. That’s right, it’s easier to pay off a mortgage today than it was 26 years ago. Back then, we were using almost half of the average household income in mortgage repayments, today it requires just a third. Read more here.
If you’d like to find out more about tapping into this extraordinary time in real estate history, call our expert Investment Representative, Simon on 075 531 7822