Keep calm and buy property
It’s a paradox that some of the biggest decisions of our lives, are made in the heat of the moment. And that’s exactly what many of us are experiencing right now. As we step foot onto the front lawn of a house for a Saturday morning auction, or swoop on an investment property to buy, we are changing our fate and destiny.
We’ve often looked at how the Sydney property market can be analysed in terms of micro-markets – geographies, price brackets and lifestyles. What rings true time and time again, is how a home purchase really reflects our personal aspirations and anxieties.
Each life stage carries its own set of values and mandatories. Sydney home-buyers are a prevalent species, but they generally fall into four broad categories. These are, the first home-buyer in the sub-1 million dollar mass. The power couple with their hip inner-city pad for between $1.1m and $1.5m. The family homemakers sitting in $1.5m to $2.5m market and the prestige property shoppers seeking water views and creature comforts for $2.5m and up.
Location, space and design are the mainstays of all good property purchases in Sydney, but adjusting your buying strategy to fit your life stage is critical to unlocking growth. Keeping abreast of changes in the market helps you steer and execute your strategy, keeping you in touch with a dynamic and fast paced scene.
Despite the rush to market, and the conflicting stories about the Sydney property “boom” and “bubble”, there’s never a wrong time to do the right thing. In the crazy atmosphere of a hot market, we suggest a timely return to the fundamentals. So let’s take a step back and consider what the good life means to you. Are you suited to running the gauntlet on a spot that leans up against a hot property area like Redfern? Or are you more inclined to ‘wait it out’ for a little slice of sunshine on your favourite blue chip street in Paddo? Will you hold firm for a backyard with a fruit tree, by going over the bridge? Or pounce on any dilapidated terrace just to savour the brilliance of its bones?
To assist you with honing your next purchase strategy, we have highlighted the best fringe suburbs and the strongest new contenders happening on the streets right now. We’ve pointed which are the “leaner” burbs about to join the expanding rank of hotspots and outlined some foolproof design tactics to improve what you do end up buying.
Navigate each category below by price and life stage to get snapshot of what’s happening out there. And remember this is 21st century Sydney, keep calm and buy property.
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