Sydney real estate is currently experiencing its strongest post-Easter sales period in a decade – and certain areas of the city are proving particularly popular with investors.
Anyone who is on the fence about property investment loans may wish to spend some more time investigating opportunities in the city's northern and inner-western suburbs, which are proving particularly popular among buyers at auction.
According to Australian Property Monitors senior economist Dr Andrew Wilson, the inner-west has seen the highest number of properties sold at auction, as well as the greatest clearance rates.
During the weekend of June 21-22 for example, it had a clearance rate of 84 per cent, with auction volumes particularly strong in the communities of Strathfield, Leichhardt and Drummoyne. The lower north shore communities of Hunters Hill and Mosman have also been strong performers this autumn and winter, he observed.
Property investment levels are also currently on the rise, Dr Wilson said. For example, the so-called 'budget property market' has seen quite a lot of movement in recent weeks from investors.
Change-up buyers – those who are trading up for bigger, better houses, are also driving residential real estate sales in Sydney, and particularly favour the sub-$2 million market.
Whether you are looking for an investment home loan, a mortgage for a new property or you are taking your very first steps on the Sydney property ladder, careful research and consideration can help you find the perfect product.
Make sure you ask plenty of questions before you commit to your home loan – and then check in regularly to ensure that your mortgage is still meeting your needs.
It is only natural that your lifestyle and personal circumstances may change over time, so it is smart to ensure that your home loan continues to meet your requirements.
DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.