Now is NOT the time to sell

01 Mar 2021

LET US SHOW YOU HOW YOU CAN USE THE INCREASED EQUITY TO GROW YOUR WEALTH IN RETIREMENT.

If you are teetering on a decision whether to sell your investment property, weigh up these options:

1. Use your equity in your current property to buy a new investment property. You will get 2 incomes from 2 properties, with capital growth potential, and the option to grow your wealth for your retirement. OR

2. Sell your current property (and with rising prices find it hard to get back into the market in the future), and the only income you receive is the low interest the bank will pay you, with no asset to be able to sell in the future.

Seems to me like a very easy decision to make.

With the need to be in the city drastically reduced, tenants are increasingly choosing to live and work in regional areas like the Hunter Valley and upper Central Coast, where they can enjoy living and working in the same lifestyle area.

The current market snapshot:

Property prices are increasing
Interest rates are Low
Capital Growth is climbing
Rents are growing
Tenancy demand is high
Vacancy rates are low

If you want to go ahead and look at options to make your portfolio work for you, call Oliver Myers Properties to discuss.

When looking for a property for my parents, I was introduced to Tony. After I described my requirements, he took the time to show me areas that fulfilled my requirements, and then specific locations, floor plans and similar new homes that he believed, based on my criteria, would be suitable. Thank you Tony.

- Mac
Maroubra

Tony and his team were willing to go the extra mile to show us properties in new and growing areas that would be suitable to include in our investment portfolio. Following our earlier success in securing a new build on land in the Newcastle region, we were keen to investigate other locations which would provide capital growth and good rental return with a low vacancy factor. His team thoroughly researched all those requirements and provided great options.

- Roger Smith
Tea Gardens

Tony and his team assisted us in buying a new off-the-plan home for investment purposes. We were given plenty of information on the location and trends in the area, and the types of properties that were popular with tenants. Tony has many trusted contacts in real estate and associated industries, and referred us to a quantity surveyor who has helped us claim a lot more depreciation than we thought we could, and to a great property manager that is making our life easy for us as landlords. It’s been a very successful relationship!