Would you believe...
WOULD YOU BELIEVE this is a good time for savvy investors to be looking for an investment property?
Terry Ryder, a specialist researcher/writer on residential property for over 35 years, released an article recently with answers to some property questions people are asking during this period of uncertainty.
In particular, he says "I think this is a good time to be looking for an investment property. There will be opportunities to buy well in the current climate." and "Just be careful to select a location with the credentials for long-term growth."
Let me repeat his expert comment: “Just be careful to select a location with the credentials for long-term growth.”.
Why is location so important?
- more and more people will continue to work from home once this pandemic settles us back to our new normal.
- the trend of working remotely and making lifestyle changes is on the increase with people moving away from capital cities,
- strengthen property growth in regional areas.
So, what does this mean?
This means that savvy investors who are in the position to buy investment properties now should do just that.
The property pictured here is by a builder who has been in business for over 30 years. That means security.
Why this location? Newcastle & the Lower Hunter is acknowledged as having the leading economic growth in Australia.
The current climate puts buyers in a position of power, because of low interest rates and the inevitable increase in building costs and land prices.
With an total turnkey price of well under $500,000, investors should think about upgrades, which also make their property that bit more special for tenants.
Why a new house?
- Stamp duty savings
- Greater depreciation
- Less maintenance
- 6-year structural warranty.
Get this right and it can be as easy as buy, relax & enjoy
At Oliver Myers Properties, we do understand the uncertainty that the current COVID-19 situation puts us in, and we are here to assist through the whole process.
Contact us by emailing [email protected] or call Tony on 0418 433 377 or Karen on 0412 420062.
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