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Using a buyers agent really makes sense when you're buying investment property in Sydney. Choosing the right property is not as simple as buying the house or apartment you like the best or the one where the vendor offers the ‘best deal’.
Rents have been increasing for the past 2 years or so, after several years of a tough market for investors. So you when you're locking-in a 12-month lease, you want to be confident you're getting the best rent you can.
With the situation like this, the advice you get from your Finders Keepers Buyers Agent will be particularly valuable.
Remember, it’s not all just about rent returns; you’ll want to factor in capital growth and your other priorities as well.
Once you’ve decided to buy Sydney investment property, we’ll help you:
- choose what type of property to buy
- decide which suburbs or areas to consider
- understand median growth rates for those property types and areas
- identify the best property for you.
Of course, we’ll search for, evaluate and advise on properties that meet your brief. We’ll bid at auction and/or negotiate the purchase for you. We’ll even recommend and organise renovations, select a property manager and follow through with them until the property is rented, so you know your investment is working for you right away.
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About residential property vacancy rates
One of the things that really drives rents is the availability of properties for those looking to rent.
A key monitor of this is the monthly vacancy rate (the percentage of properties that are unoccupied at the time of each survey) reported by the Real Estate Institute of NSW.
Through 2008, the vacancy rate was between 0.9% in February, March and May, to 1.5% in September - very low.
That's driven up the rents that tenants are willing to pay and, combined with softer purchase prices, is delivering better rental yields than we've seen for a long time.
Good news for Sydney property investors!
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To get an overview of median rents by suburb and by dwelling type and size, read the NSW Department of Housing's quarterly rental reports here »
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