Investing In Bricks And Mortar

8 Nov 2019

Putting your money in property has always been considered less volatile than the stock market and recent spikes in activity from investors is being driven by improved yields compared with traditional banking. In fact, investor appetite in Sydney is definitely on the rise with recent figures showing that 32% of mortgage demand in NSW is from investors. Alexander Phillips says, “There are a lot of people with money in the bank who are looking to invest in real estate. With yields from term deposits currently at around 1.5% to 2%, buying property not only secures a better return at around 2% to 3% but has the advantage of capital growth as well and being a solid investment.”

As the market starts to gain momentum again, savvy investors are buying up quality real estate now in order to secure a strong income stream as well as growth potential. A good example is Alexander’s new listing at 2 Albert Street, Bronte. In a tightly held enclave renowned as the dress circle of Bronte, the four-bedroom home is currently leased for $2,750 a week on a long-term lease which delivers a 4% gross rental return. With a buyer’s guide of $3.4m, the luxurious architect-designed home is a superb entertainer with an outdoor living room, lush north-facing garden and heated mineral pool. See below for full details and inspection times or call Alexander on 0418 404 337 for further information.