The Housing Industry Association (HIA) said that the market will continue to weaken after the value of lending to investors, as well as lending to owner- occupiers, has significantly dropped.
Over the past year, the value of lending to investors and owner- occupiers decreased by just over 20% and 7.7%, respectively.
Investor lending has now dropped to the lowest monthly level since mid-2013 which was the very beginning of the current housing cycle
Add to this the restrictions to overseas purchasers with extra taxes and borrowing restrictions and we are now seeing a decline in property markets across the board
As Investment advisers we are now seeing developers prepared to negotiate on prices for the first time in many years. Gone are the days of opening a new development off the plan and all units being snapped up in a weekend at full or overstated prices. Instead developers are now offering incentives and price reductions to clear built up stock.
From my past experience in the market this signals the time for investors to act as given you have the capacity to hold the property for at least 10 years. There are gains now to be made in the traditional Sydney areas which for many years have been unaffordable or did not stack up for Investment purposes
Please contact us to discover what opportunities are out there for MASU Property stock in Sydney.