Whether you’re in the market for a beach pad, a first home or an investment, now is an excellent time to get on the property ladder. We’ve had a flood of apartments hit the market across the east with a total of 49 to choose from all representing excellent buying opportunities. It would seem that now is a great time for investors to jump in due to historic low interest rates and current returns with most properties either neutrally or positively geared.

A good example of a standout entry level opportunity is Nathan Ryland’s listing at 2/276 Birrell Street, Bondi which has a buyer’s guide of $750K and is currently rented at $710 per week representing an annual gross yield of 4.9%. We have 11 apartments to choose from in Bondi and Bondi Beach. It was 12, but Kenji Fukushima and Alexander Phillips just sold 8/5 Sir Thomas Mitchell Road, Bondi Beach after only 13 days on the market with 43 groups inspecting the property before it was snapped up by an investor.

We have seven apartments to choose from in Randwick, another great lifestyle hub with close proximity to the city and beaches as well as the university precinct. There’s a superb range from $800K (buyer’s guide) for a two-bedroom apartment with parking on the edge of Centennial Park at 12/17 William Street, Randwick to $2.8m (buyer’s guide) for a grand dual level garden residence in a boutique block of only four at 1/5 Pitt Street, Randwick.

Jason Pantzer says, “The apartments we currently have listed for sale are not only great investment prospects but also offer some superb opportunities for first-home buyers as it’s cheaper to own these properties than rent them at the moment. Until this equation shifts, we expect to see continued growth in the eastern suburbs’ housing market. Our PPD finance team, Shore Financial, are seeing three-year fixed interest-only mortgages at 2.6% with a 20% deposit so those looking to buy really should strike while the iron is hot.”

In the current economic climate there really is no safer place to invest than bricks and mortar and there’s no stronger market than Sydney’s eastern suburbs. Take care, stay safe and keep connected.