Sydney has the nation’s most evenly distributed new apartment market – putting it at less risk of inner-city oversupply – according to the 2018 UDIA State of the Land Report.
Just over a fifth of new Sydney unit completions (apartments, townhouses and terraces) were within five kilometres of the city centre in 2017 compared with almost half of all Melbourne unit completions – the country’s fastest-growing apartment market – the report found.
A third of new Sydney units were within 5 to 10 kilometres of the CBD, 28 per cent of completions were 10 to 20 kilometres out and 18 per cent of completions were as far as 50 kilometres from the centre of town.
Obtaining industry best advice is essential prior to making any potential property investment decision.
Sydney will be a 30-minute city by 2056. The NSW government recently announced a 3-city plan.
The next 10 years will see a significant shift in the City. Sydney’s new Greater Sydney Commission is preparing Sydney for the next wave of change – the creation of three separate cities; the Eastern City – with Sydney CBD as its focus, the Central City with Parramatta as its focus, and the Western City with the Western Sydney Airport as its focus.
These cities will be fully functioning cities connected by major infrastructure projects by 2056.
Understanding of each of these infrastructure projects in Sydney and the key drivers for business and commerce in each of the three cities is key to understanding the future property investment options across the region.
Ensure you speak to a professional today regarding any potential property investment decision.
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The banking regulator has signalled it could ditch its 10 per cent cap on lending to property investors as the measure is “probably reaching the end of its useful life”.
Smaller lenders have criticised the 10 per cent cap for holding back competition.
The marketplace would welcome APRA addressing the cap’s current settings in order to improve competition, which will ultimately benefit the consumer.
Under pressure from regulators, banks have also in recent years overhauled their systems for assessing customers’ incomes, their debts, their cost of living, and their sensitivity to higher interest rates.
Now is the perfect time to seek professional advice if you are considering property investment.
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Softer conditions in home lending are prompting the country’s banks, whose loan portfolios are dominated by residential mortgages, to target growth opportunities in specific customer segments, including property investors and first home buyers.
Under the Australian Prudential Regulation Authority’s rules to dampen the housing market, no more than 30 per cent of new bank home loans can be interest-only, and banks’ housing investor loan books can grow no faster than 10 per cent.
The big four banks are now all well below these caps after various moves to increase interest rates and tighten credit.
Now is a great time to invest in property and source a great financing package in a highly competitive marketplace.
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Some people get overwhelmed when considering a property investment and quit before they even begin. Reality is, property investing is relatively straightforward, especially when you partner with the right professional.
What does success look like to you? Property investors generally invest in property to secure their financial future or to be free to do what they want, when they want it.
Understanding the property market is the key to making the right investment decision.
Strategic Investor Group exists to create your unfair property advantage with advice regarding location, investment strategy, debt structuring and property acquisition.
http://stratgroup.com.au/wp-content/uploads/2017/03/SIG-WEB-LOGO.png00adminhttp://stratgroup.com.au/wp-content/uploads/2017/03/SIG-WEB-LOGO.pngadmin2018-02-19 23:06:472018-02-20 00:14:42Getting started in property investment