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InvestAus

InvestAus

Mortage Broker , Sydney Region

NSW: Low interest rates and a buoyant rental market are luring investors back to the lower north shore.

20D ago 0 Replies 77 Views
The promise of strong capital growth, low interest rates and a buoyant rental market are luring investors back to the lower north shore.
This buying group has been relatively inactive in the market in recent years.

And this has presented a window of opportunity for first homebuyers, young families upsizing from apartments, as well as downsizers. as they have not had to compete with investors.

McMahons Point is dominated by semis, apartments and terraces, and freestanding houses don’t often come up for sale. This one last traded in 2017 for $4 million, according to CoreLogic.

Mr Mukhi said the buyer had been looking at other parts of Sydney, and planned to hold the property as a retirement nest egg.

“They may decide to move there in the future,” he said.

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