Apartment Oversupply Means It’s A Great Time To Buy
The best investors don’t follow the market. They buy when other people are too nervous to buy, and they don’t sell when everyone else is panicking. It’s difficult to do, because it means ignoring all those scary headlines and trusting yourself.
Right now, buyers are fearful, with looming governmental changes, higher Airbnb rates and low consumer and business confidence have all contributing to investors’ concerns. However, savvy buyers know that it’s the perfect time to get into the market, for several reasons:
There’s an oversupply of apartments
Whatever type of property you’re looking for, we are confident that we have something that will fit your criteria. Owner-occupier, first home buyer or investor – we have an oversupply of apartments at excellent prices.
Yields are strong… And rising
If you’re looking at traditional long-term rentals, we are able to secure gross yields of 6.5% to 7.5%, and sometimes we find a property where they’re even higher. Rents keep rising and show no sign of decreasing or even flattening out. Prices, on the other hand, are still flat.
You can take your time to shop around
With fewer buyers in the market, you have the opportunity to do more due diligence and shop around for the perfect property. There’s no rush, no stress and no pressure. Choose the right property for your long-term goals.
We can now balance short and long-term rental
Unlike most property management companies, Impression uses both Airbnb and traditional longer-term rental to improve returns for our clients. This is not a service offered by any other property management company that we know of. It lets you maximise your returns across the year.
We can help find the right property for you and give you ideas about how to get the most out of it; get in touch with us today.