The perfect time to buy an investment property?

If you’re looking to invest, you might wonder, “when’s the best time to invest in property?”

You may also wonder, “Is now a good time to invest in real estate in Neutral Bay?”

The short answer is that it is always a good time to invest in property. Property, particularly in capital cities, is one of the best possible long-term investments because the value almost always increases over time.

For the longer answer and for why now is a perfect time to invest, read on.

Property is getting more affordable

After record-breaking rises through 2021, the market is finally levelling off. This means that house prices are not jumping every few weeks, forcing you to up the amount of money you borrow.

With that being said, homes in Neutral Bay are retaining their value better than some other Sydney suburbs, which have experienced large dips that showcase their vulnerability when it comes to investment returns.

Recent statistics show that the average Neutral Bay apartment price has settled by a tiny 0.3 per cent, while house values have climbed by 11 per cent over the last 12 months.

Fewer properties on the market

There are fewer properties on the market at the moment than is often the case. While this may make your choices less varied, it takes a lot of the stress out of finding the right house, apartment, or unit. With fewer to choose from, there is less chance of getting bogged down with options.

Less skilled investors have cold feet at the moment and are waiting to see what happens with the market. That means there is not so much competition for the homes that are being listed. If supply stays low and timid investors build up the courage to dive back in, prices will go up.

You can use your equity from your current property

If you already own property and its value grew during the pandemic, now is an excellent time to utilise your equity.

With prices settling to more reasonable levels, there is no better time to contact your lender and negotiate refinancing to buy another property.

Make an appointment now with your lender, accountant or financial adviser to find out what you can afford in terms of an investment loan.

It’s a good time to grow your portfolio

Lulls in the property market are generally a smart time to grow your portfolio because you have the opportunity to get more for your money and you’re up against less competition.

As we have experienced in the past, however, lulls are often very short-lived, especially in Sydney. Buy now and you’ll be able to ride the profit wave when the market swings back into action.

Higher rental returns

If none of the above reasons swayed you towards investing in property in late 2022 and early 2023, then this one should:

There is a rental shortage in Australia at the moment, which means that you will not only have no trouble finding quality tenants, but you will also get an excellent rental yield for your property. This will help to cover the costs of the loan so you experience less financial pressure.

One of the best investment property suburbs in Sydney is Neutral Bay because rentals are still in high demand, especially apartments. Because the suburb is close to the city while not feeling ultra-urban, Neutral Bay is in high demand with upwardly mobile young couples who have plenty of disposable income.

Get the most out of your investment

Now you understand why now is the perfect time to invest in Sydney real estate, you will want to get the most out of your investment.

The best way to ensure you find the best property for you and that it gives you the best possible returns is to work with an experienced local real estate agent and a property manager.

As local agents with many years of experience, we can help you identify the best property for your needs, and our property management team will take all the stress out of managing the property so you have better long term results.

Are you ready to invest? Contact us today to discuss existing and upcoming opportunities in Neutral Bay.