Buying an investment property requires some research and thought. Without proper research, it’s easy to invest in a poor property and not get any returns. If you’re looking for a place to invest in, we recommend Elizabeth Bay. This suburb is in high demand and is popular with the independent youth in the age range of 25 to 34 years. The area is ideal for singles, young professionals, families with kids, and retirees. Here are some factors to consider.
Friendly and close community
Elizabeth Bay has a friendly and close community feel that provides a level of intimacy and familiarity that the city can’t provide. It’s a very safe community and great for raising a family. The area has a relatively low crime rate compared to Sydney and the property rates are reasonable.
The growing property value in Elizabeth Bay
The property values of Elizabeth Bay show an upward trend. It’s over 30% higher now than it was last year and all signs indicate more growth in the future. The appreciating value of properties in Elizabeth Bay makes it the perfect investment.
This suburb is preferred by young professionals because of the location and closeness to the city. It’s also connected by a great transport system with trains and buses leading to all corners of the suburb and Sydney. There’s no lack of conveniences and facilities with shops, cafes, restaurants, and entertainment options all located in close proximity. The suburb also has a number of great schools for young families and ample green spaces to explore.
All of these qualities make Elizabeth Bay an excellent investment. The property rates are reasonable and the location has good demand so you will get good returns from it. There are also a number of different property options available so you have the benefit of choice.
If you want to know more about investment properties in Elizabeth Bay, contact us at Ron Danieli Real Estate or give us a call at 02 9358 8998.