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Sydney real estate investors corner FTB’s market
First time buyers looking to purchase a property in Sydney are struggling to compete with cash rich investors as the availability of homes at the lower end of the market remains in short supply.Investors fed up with the lack of success on the stock market are turning to the Sydney real estate arena to capitalize on the strength of high rents currently affecting the market place. Inner city apartments traditionally popular with young professionals looking to live near their workplace are being sought by investors who can realize healthy profits on their initial investments.
As the number of investors increase so more new buyers are being edged out of the market as they do not generally have access to further funds to offer a higher price to secure the sale, the presence of more buy-to-let investors is continuing to push property prices ever higher.
Published: 18-Jul-11
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