Has the Sydney property market run its course? Are we nearing a property bust? For some time now, the doomsayers have been warning of a bust at the top of their voices. They feel that the property market in the Harbour City does not have anything more to offer. Prices are at their peak value and the Sydney property bubble may burst any time now. There is a saying that goes, “intelligence is full of doubts and fools are always cocksure”. When it comes to real estate, it is good to travel the middle path. So, without sounding either too sure or too doubtful, let me dissect the idea of the impending property boom.
I am about to share a few pointers that I think are crucial to understanding the present property market scene in Sydney and I will also ponder over that one special aspect which can be the single biggest determining factor.
While there are definitely a few stand-out property investment options, many properties do not quite make the cut. At best, they return poor profits when resold and at worst, you just run up losses on them. What do you think differentiates a good property from a bad one? To answer the question, “where to buy investment property?”, we should work towards finding the sweet spot of the real estate market.
I know that most of you are well versed with the essential difference between a buyer’s agent and a sales agent. For the aid of a few who are uninitiated on this, a buyer’s agent works exclusively on the buyer’s behalf whereas a sales agent is paid to represent the best interests of the seller. Why then am I bothered if you already know the difference? Let me explain you why and I am pretty confident you will find my line of reasoning appealing.
