Just the other day, Nick Gauci, Director at Prudential Real Estate Narellan, alerted me to the fact that on average 7 out of 10 people attending our open homes of late, are avid investors. With Realestate.com.au stating in a recent blog that Campbelltown ranked 7th for the top ten most searched suburbs in New South Wales and Liverpool rounding out the top 10 NSW Investor Hot Spots, no wonder investors are flocking to local open inspections.
This is an encouraging sign for homeowners, as the high market demand in Sydney continues to push sales prices upward.
Fuelled by continuous cuts to interest rates, investors are in better financial positions than ever to invest. But why are we seeing growing investor interest in Sydney’s South-West?
Well… In the last 12 months we have seen increased redevelopment and investment in both the Liverpool and Campbelltown local government areas. Transforming into a redeveloped vertical jungle with re-envisioned town plans, Liverpool is fast-becoming urban hub of culture, spurring on an active market for apartment/unit investment in the region.
Located at the heart of the Macarthur region, Campbelltown has also experienced redevelopment in such areas as Minto Heights and Macarthur Heights. Welcoming ongoing investment in public transport and roads, most notably the Narellan Road upgrade, it is evident that the NSW state government is supporting the ‘growing pains’ of Macarthur and attracting investors in the process.
Surrounded by developing land estates including Gregory Hills, Macarthur Heights, Spring Farm, Oran Park and The Hermitage, it is no surprise that us that Campbelltown is attracting investors by the bounds!
Witnessing an increase in investor interest in our open homes, we have seen a trend in investors seeking properties with scope to build a second dwelling - yes, a granny flat!
Macarthur is known for its generous lot sizes compared with most Sydney suburbs making it easier to invest in a granny flat. Investors have the opportunity to add between 20-30% of the cost price to their investment property and double their rent fees - sounds fantastic, but true. Call Graeme Paddock for more info on 4628 0033.
If you’re an investor hoping to snare a property in this ultra competitive market here’s our best advice;
- Come to each open home with a plan - know the limits of your financial position;
- Be prepared to make a decision as well-positioned properties are generally selling fast; and
- Be ready to strike when the property feels right! We are seeing familiar faces each weekend at our inspections assuring us that when they find something they like they will act.
So this weekend come with a prepared game plan to snap up your next investment gem in the heartlands of Sydney’s South-West suburbs. We look forward to seeing you at our open houses this weekend. Happy Investing!