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Staff Reporter
An increasing number of savvy property investors are recognising the many opportunities available in Sydney this winter, new research has found.
According to sales records from Raine & Horne Marrickville, Crows Nest and Liverpool, investor activity has surged by as much as 50 per cent over the last 12 months.
The majority of investors in Marrickville and Liverpool purchased units in the $320,000 to $450,000 price range.
Raine & Horne chief executive Angus Raine has claimed "investors are officially back" and are looking to cash in on the lack of stock and increasing rental demand.
"Australian shares have taken a hit since April on the back of global uncertainty, while in comparison Sydney real estate is enjoying the combined benefits of a lengthy period of interest rate stability, low vacancy rates, and increasing rental yields," Mr Raine said.
"This is driving more investors back to the safety of bricks and mortar, which has the potential for quality, long-term capital growth."
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