When Is the Best Time to Buy Property in Sydney?
Understanding all of the variables in Sydney’s real estate market can help you decide when to buy an investment property. Some of the considerations include:
- When you are financially secure and do not have a large financial obligation in the near future
- The Australian government’s economic stability. Unfortunately, COVID-19 has harmed the existing market. However, if the 2008 global financial crisis is any indication (when property values fell by about 15%), we know that the property market is generally one of the first to rebound. Purchasing property when the market is beginning to climb (or when it is stable) is a solid indicator that you are making a great investment.