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What a time to invest in Liverpool!

24 May 2013 Stuart Zullo 0 Comment

house in a boxWith interest rates hitting record lows this month, down to just 2.75%, it’s no wonder buyers are out in force bringing NSW real estate sales and auction figures up significantly from the same time last year.  We’ve reported several times recently about the advantages of buying in the present market conditions; however, we thought it might be worthwhile to share another poignant fact about the Liverpool real estate market.

RP Data has released some very interesting figures.  The median house price in Liverpool (as of February) is $471,978, while the median Liverpool rent is $455/week, with a 5 year average annual change of 5.4%.  Liverpool’s gross rental yields are now at a whopping 4.8%.  These numbers add up to one very big opportunity for anybody thinking of buying an investment property in Liverpool.   Rental yields are incredibly high and interest rates are historically low, and it could be argued that competition for investment properties is now at its lowest in some time with the NSW Government withdrawing their incentive for first home buyers.

Naturally you will need to borrow and invest wisely to ensure you make the most of current conditions.  We suggest you speak to a financial expert to discuss the best mortgage for your personal situation; and that you visit us at Professionals Paradise Realty to determine the best available property options for your investment needs.  However, with the right advice, now is a great time to begin – or add to – your investment portfolio with remarkably little impact on your cash flow.

 

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