- by Tim Nimmo
The east coast of Australia continues to produce an abundance of excellent investing opportunities, regardless of a cool down in the property investing market. However, as always, there’s much to navigate and no market is the same, for example, Canberra has an exceptional vacancy rate at around 1.7%, and a stable employment market, but like many capital cities is experiencing an over supply of apartments which has negatively affected prices. Likewise, Melbourne continues to experience record population growth, which is currently around 300 people per day, leading to capital growth in the housing sector, but has also recently introduced one of the nation’s highest stamp duty taxes. However, perhaps the biggest development of all continues to be the emergence of western Sydney as a location tipped for very solid capital gains, largely due to upcoming government infrastructure projects, meaning that Sydney is still on the radar for property investors. If you find tracking the property markets an overwhelming task then don’t hesitate to call us on 1300 883 920 because it’s what we do day-in and day-out, and matching your investing goals with the best possible investment is why we’re here.