Why it’s a good time to buy an investment property
If you’re looking to invest in real estate, now is a great time to buy an investment property.
There are a few reasons for this:
- Interest rates have levelled off
- Rental returns are stronger than ever
- Properties in and around Crows Nest (including Wollstonecraft and St Leonards) will soon be attracting more tenants with the new Metro (due for completion in late 2024) and a wider selection of shops, supermarkets, cafes, restaurants and nightspots
Investors who have owned their investment properties for many years are currently selling with good tenants already in place – tenants who pay on time and look after the property. They’re satisfied with their return on investment over the years and are looking to fund their retirement or make improvements to their primary home with the money from the sale.