SLOWER price growth coupled with rising rents have presented investors with new cash flow opportunities north of Sydney.
PROPERTY investors should buy in the outskirts of Sydney to get the best rental returns, new data suggests.The CoreLogic research showed 17 of the top 20 suburbs with the highest average rental yields in the Greater Sydney region were over 16km from the CBD. And almost half were in the Central Coast region.
Realestate.com.au chief economist Nerida Conisbee said some suburbs offered high rental yields due to cheaper prices.“Outside (inner) Sydney, prices haven’t changed as dramatically but rents continue to go up,” she said. Cash flow was also becoming more important to investors due to recent market restrictions, including the Australian Prudential Reglation Authority’s crackdown on interest-only loans, Ms Conisbee added
The Central Coast is becoming an investment hotspot. Picture of Soldiers Beach - by Telani Kumar
This made properties with higher rents relative to the purchase price more appealing as they required less in mortgage repayments. Real estate experts said investors with limited budgets would get the highest cash flow from purchases in the Central Coast suburbs of the Wyong region.
Author: JESS VERRENDER - Central Coast Gosford Express Real Estate APRIL 20, 2018 12:00AM
Image source - https://www.weekendnotes.com/norah-head/
Article Source - http://www.news.com.au/finance/real-estate/sydney-nsw/new-data-suggests-that-sydney-investors- should-look-further-afield/news-story/de576c9f4b73b419b55a9779ba95cc3e