Sell with Confidence
Read More

More growth ahead for Sydney

By Lachelle Ferguson

Thursday, 08 May 2014

Despite speculation that Sydney’s value growth may be coming to an end, investors buying in the right locations can still experience “instant growth”, according to a leading property coach.

Sam Saggers, CEO of Positive Real Estate, said even though he prefers to buy at the bottom of the market cycle, investors can still profit from buying in Sydney.

“Today, Sydney is a bull marketplace and you can buy instant growth,” he said. “Many people are getting good growth even at this late stage in the market cycle by buying somewhere in Sydney.”

Mr Saggers said the key to success in this stage of the market cycle was looking further afield.

“In a strong market, the positional suburbs grow in value rapidly and become unaffordable fast. If you try and buy in the ‘better’ suburbs, you can’t in a bull market – you have to buy further away,” he said.

Despite ongoing opportunities further away from Sydney’s CBD, Mr Saggers said the best opportunities in Sydney in this market cycle were probably around the 2008 postcode.

“The lesson I have learnt is buy in a lull or weak market. You can buy great properties in good suburbs… What you are really buying is market position,” he said.

“For example, in 2008 I bought a property in Dulwich Hill, Sydney. It was $400,000 for a 100-square metre town house in Dulwich Hill. The year 2008 was when Sydney was at the bottom of the market cycle. I bought position – being six kilometres to the CBD. The subsequent years have seen the property climb in value to about $635,000 … Now a $400,000 investment would get you a similar townhouse maybe 20 kilometres to 50 kilometres from the CBD – not six kilometres.”

For more information please call Ray White Real Estate Narraweena 9984 7100 or Ray White Real estate Narrabeen on 9970 6777

Up to Date

Latest News

  • 6 Things To Do Before You List a Property

    1. Research & plan Before you consider selling, research the market, focusing on properties in your area. Is it a good time to sell? Where do you intend to move next? What’s your budget, including moving? You don’t need all the answers, but you should develop a clear set of goals … Read more

    Read Full Post

  • 2017 Federal Budget Highlights

    Federal Treasurer Scott Morrison’s second budget was delivered this month to Australia, with a range of changes for first home buyers, property investors and older Australians looking to downsize. Overall, the measures are designed to free up more development land and get first home buyers into the market sooner. Here … Read more

    Read Full Post