Investors are back in the market at 2015 levels, but they still can’t outweigh First Home Buyers who are flocking the market right now.
It’s a huge change from pre-Covid 19, 18 months ago, when investors had to directly compete with First Home Buyers, forcing some out of the market all together.
Investors are now more informed and educated, thus knowing exactly where they want to buy and what, especially in markets with plenty of available stock such as Melbourne and Sydney.
Michelle May Buyers Agents principle, Michelle May said, “I think the time when investors can buy anything and make money is over” and “Covid has made people more aware that not every property is worth investing in”.
Sydney based Ms. May also noted that in Sydney there is far less competition for rentals with travelers and international students now out of the market with closed borders and investors are now being more diligent with finding the right investment properties that will attract renters now and in the near future.
The number of investors returning is not at record levels, but has greatly improved since last year.
This goes to show, that if you’ve been on the sidelines contemplating about becoming an investor and waiting for a sign, your time is now. Although data shows that investors are back on the rise, there have always been investors out there who made money during the peak of the pandemic, you need a good strategy, support and research to ensure you make an informative decision about this every changing yet, exciting market.
So get in touch with our team today!
Our goal is to help as many people as possible, create a future of financial freedom for themselves and their loved ones so get in contact on 1300 522 562 or email team@jrprosperity.com.au
When considering an investment property with positive cashflow, it is important to make sure it is suitable to your specific financial goals and objectives. Remember to do you due diligence and is you need advice, JR Prosperity Partners can help you decide if this is the best strategy for you.
