Whilst I’m aware that Sydney has already gone through a major growth cycle and approaching what appears to be the top of the cycle to some, I’m wondering if anyone has managed to buy a good / decent investment in Sydney’s middle and outer rings in the past 6 months? I’m talking specifically about units and houses.
Most clients who I’ve seen do well in mid-outer Syd purchased heavily in 2012-2013. They have usually hit gains of 25-30%. Many are drawing from these funds to now buy in other markets, whilst others have used this as a chance to sell out of a market they they believe has peaked (as you’ve alluded to).
Inner Sydney is still definitely presenting options, but I’d be a lot more hesistant on the odds of making a fundamentally strong market at this current park of the outer Sydney cycle. In saying that there’s money to be made in every market.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
In saying that there’s money to be made in every market.
Yes I’m wondering if that is case and if anyone would like to share their story.
I think if there has been any noticeable capital growth in such a short period as 6 months, then in my mind it’s a “good / decent investment”. And I’ve seen that happen in the northern beaches, Parramatta, Liverpool and Sutherland shire. Are these “outer”? I think outer is Campbelltown, Penrith, RIchmond.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
