Padstow According to Personal Mortgage Advisor, Paul Raad, news has just come in that lenders are beginning to offer a three year fixed rate of just 4.99% p.a. For those who don’t tend to pay much attention to changes in rates, this is a big deal. In fact, 4.99% p.a. is equal to the lowest three year fixed rate for the last 20 years, and signals great timing for those looking to buy from Padstow to Picnic Point.
In other news, confirmation has come in that Sydney’s median rental yield for units is now sitting at 5.19% p.a. As you may have guessed, this is high – in fact this is the highest rental yield for units in Sydney since 1995.
In another time we might have be amazed to see mortgage interest rates below median rental yields, especially in a capital city. However all the news of late has pointed to this – The time is now to buy Padstow to Picnic Point real estate, and with rental yields so high, investors will undoubtedly be rubbing their hands together.
Now that people can access their self managed superannuation funds to buy property, secure a 20 year low fixed mortgage and benefit from 5.19% p.a. rental yields, it would appear that 2013 is going to be the year of the investor.
We currently have some great real estate investment opportunities in Revesby, Padstow, Panania and Picnic Point, for more information contact Dean Owsnett on 0424 44 01 44. Having a background in property management Dean knows exactly what a tenant is looking for. His experience will ensure you are selecting a property with not only high return but one that will benefit from a high occupancy rate.
