Ride the housing cycle in style
April 1, 2015 / Written by Rich Harvey
There is always the argument that no matter when you buy property, it is going to rise in value. And while that's true, it is only half the story. Buying investment property in Sydney means you will see capital gains over time, but by getting expert advice on your side it is possible to make even further gains by buying and selling at the right time. Remember, the housing market is a cycle - and working the rises and swells of demand and supply can see you make great profits.
I can't tell you exactly what's going to happen in the next six months for property - in fact, no-one can. But what I can do is help you understand what the wave of statistics about housing cycles means for you in terms of actual results. So let's look at the latest releases.
Home sales surging forward
The Housing Industry Association's New Home Sales report was released on March 31, and it has revealed some great results for people selling property across the country. Nationwide multi-unit sales saw an 11.1 per cent bump, which is in line with what I've said before about the strength of the apartment market.
Detached home sales in New South Wales have declined in recent months, but remember: What goes down, must come up.
Building approvals not far behind
Sales are a good indication of current market strength, while building approvals shine a light on future supply. The Australian Bureau of Statistics' Housing Approvals data for February showed a sharp increase for our state, with 5.4 per cent more homes being given the green light.
NSW also leads the country for approvals in the private dwelling sector. Wherever you look, the positive signs are staring right back at you.
Get the best out of the situation
If you're a budding home buyer, whether it's for investment or a lifestyle upgrade, I don't think you can afford to rest on your laurels. Sales are pumping through Sydney at the moment, and the pipeline for new building still looks fantastic. It's a great time to get out and find the new property that will complete your current goals, and we at Propertybuyer are here to make that dream a reality.
We're Australia's most awarded buyers' agents, with the experience and creativity to find you a great new property - regardless of whether or not it's been listed on the market yet.