Thu Mar 11

Why buy in Sydney?

Sydney is a sight to behold. People already know that breathtaking Sydney Harbour makes it an attractive and popular destination for travellers and locals alike, but there’s lots more going for it than just natural beauty. We have the stunning sandstone of colonial architectural buildings, entertaining global and domestic theatre, world-class museums, and the best in food from here and abroad. Sydney is a city that takes pride in defying expectations. Sydney consistently ranks as a leading global and APAC business hub – and Australia’s number one destination for global meetings, according to the latest annual International Congress and Convention Association (ICCA) Country and City Rankings.

Sydney is a place of contrasts, an energetic global city sitting seamlessly within a thriving natural environment of beaches, harbour, gardens and bushland. Whether you’re an association or corporate business looking to connect across Australia, the Asia-Pacific or the world.

A recent survey of leading financial organisations and advisors tell us:

ANZ Bank forecast Sydney property values could increase 9% in 2021
Riskwise forecast Sydney property values could increase 8-12% in 2021
CBA forecast Sydney property values could increase 7% in 2021
NAB forecast Sydney property values could increase 7.3 % in 2021
SQM forecast Sydney property values could increase 7-11% in 2021
Westpac forecast Sydney property values could increase 14% in 2022-23

What do I need to know when buying an investment property in Sydney?

Investment properties are consistently one of Australia’s favourite investment options. For example buying an investment property in Sydney should be about wealth creation and financial security. A common misconception, however, is that investing in property always delivers positive returns. Whilst this is often true, it isn’t an instant road to fortune. Bear in mind that how effectively you manage this investment determines if this avenue will help you achieve your financial goals. The overall cost of investment property ownership can be surprisingly minimal if you take into account tax deductions and rental income.

When is the best time for buying an investment property in Sydney?

Research performed by Swinburne University of Technology suggests that the cheapest time to buy a house in Australia is just before, during and immediately after winter. In Sydney, Adelaide and Darwin the cheapest month to buy was June or July, which suggests that if you buy during winter you may score yourself a bargain.