by Marshall Cobb - Head of New Projects
I caught up with a good friend of mine this week who has been working overseas for 6 years in the UAE. The conversation at one stage turned to the Sydney real estate market, and how the market was cooling but certainly not crashing. He mentioned that he had a couple of investment apartments in Sydney, and wondered what they were worth today. I fired up my trusty Price Finder app, and we discovered that one apartment had doubled in value over the last 6 years, and the other had tripled over the past 15 years. Not only that, but both properties had long term tenants that paid the rent on time and looked after the property like it was their own. He made sure to reward them with rent that was a little under the market as he wanted to keep them in place for the long term.
This conversation once again reinforced to me that property investment does not need to be complicated or time consuming. In fact most successful investors take a long term, set and forget strategy.
Not only has my buddy put in place some nicely performing, low stress and low maintenance assets (and generated some serious equity along the way), he is so confident in the long term prospects of the Sydney market that he is keen to find a good deal and invest again.
Want to join him? We have some terrific options at the moment in many areas of Sydney across many price points.