An off the plan Sydney property makes a great investment whether you are a serious investor or a first time buyer. Learn why now.
Sydney is the state capital of New South Wales (NSW) and is Australia’s most populated city. It sits on the Eastern Seaboard and is home to beautiful beaches and the spectacular Sydney Harbour. Sydney has a population close to 5 million people comprising cosmopolitan and international individuals.
Buying an off the plan Sydney property
is a great idea for any first home buyer or investor. This is because this property type gives you time to sort out your finances, select your furniture and plan your next move. Buying off the plan gives you time… something we all need more of.
There are some great advantages of buying off the plan in Sydney which include:
Why First Home Buyers Buy off the plan Sydney property:
Government Grants Available (at the time of writing)
Ability to pick your perfect Property
Choose your finishes (if available)
Get the desired Aspect
Live in your property first before anyone else
Save for a larger deposit during the construction phase
Plan for your future
Why Property Investors Buy off the plan Sydney property:
High rental returns
Low vacancy rates
High capital growth
Fast Growing population
Undersupply of property
Australia’s top City
Sydney is world renowned as one of the best cities in the world
The Sydney CBD is the main commercial district with a number of major sub cities including North Sydney, Chatswood, Parramatta; Bondi Junction, Liverpool, Hurstville and Penrith. These commercial districts are fast growing employment nodes that create the lifeblood of Sydney.
Sydney is also the financial and economic hub of Australia. Its residents are prosperous and enjoy the world’s second highest earnings among the world cities.
Sydney is also Australia’s number one tourist destination with over 10.5 million international and domestic visitors. While these tourists are either here for business or checking out some of the attractions such as Darling Harbour, Luna Park, Sydney Harbour; Bondi Beach or Sydney Tower, with some after landing also deciding to make the decision to buy an off the plan Sydney property
If being close to public transport is important to you when buying off the plan Sydney property
, then the city has a great transport system that helps the population move around the city easily. It includes Bus, Train, Ferry, Light Rail as well as Motorways and Freeways. The extensive Transport Systems is one of the most used in Australia.
When travelling by train, there are a number of train lines that operate throughout Sydney including the North Shore Line, Northern Line, Western Line; Airport Line, Inner West & South Line, Bankstown Line; Eastern Suburbs & Illawarra Line, Cumberland Line, Carlingford line and Olympic Park Line. Other train lines include South West Rail Link, Blue Mountains Line, Central Coast & Newcastle Line; South Coast Line, Southern Highlands Line and the Hunter Line.
Buses operate throughout the suburb and are the main public transport mode for those who live in suburbs without a train station. During peak hours, there might also be express buses that provide faster services allowing city commuters to get home quicker, whilst the bus lanes can help speed up journeys compared to when driving.
For more scenic journeys, many commuters and tourists can travel by water on the numerous ferry services which include the Rivercat service that travels along the Parramatta River. Ferries also travel to Manly, Taronga Zoo, Darling Harbour, Neutral Bay, Mosman Bay and the Eastern Suburbs.
If driving throughout Sydney then there are a number of major roads and toll roads including Parramatta Road, Western Distribution Freeway, Cahill Expressway; Eastern Distribution Motorway, M5 Eastern Freeway, South Western Motorway; Westlink M7, M4 Western Motorway, Great Western Highway; M2 Hills Motorway and Gore Hill Freeway. When looking to travel north then the Pacific Motorway and Pacific Highway are the major roads heading towards the Central Coast and Brisbane, perfect for a weekend getaway.
Sydney is also home to a high concentration of schools, colleges and universities and many students within Australia and overseas come here to study. Prominent universities include The University of Sydney, University of Western Sydney, University of Technology; Macquarie University, University of New South Wales and The University of Notre Dame Australia.
As well as plenty of educational institutions, Sydney is also home to a number of major hospitals and many off the plan Sydney properties are situated close to hospitals and schools, appealing to students and healthcare and teaching professionals. Major hospitals throughout Sydney include Royal Prince Alfred Hospital, Royal North Shore Hospital, Liverpool Hospital and St Vincent’s Hospital.
When it comes to shopping, then you will notice that many off the plan Sydney properties also tend to be in close proximity to these shops as well, adding to convenience. The main shopping centre brand in Sydney is Westfield and there are numerous Westfield’s around home to both your high street brands and designer labels. For more boutique shopping opportunities then you should head to neighbourhoods including Balmain and Newtown.
There is also no shortage of food and drink in Sydney and the city is certainly a food lovers’ paradise. From casual cafes and eateries to tempting bakeries, mid-priced restaurants and fine dining experiences, not forgetting an array of watering holes; every price range and budget is catered for come day or night and you don’t have to pay through the roof for a view.
Why you should buy an off the plan apartment in Sydney today?
One of the quickest ways to build wealth in Sydney is to buy an off the plan Sydney property, and off the plan apartments
are the most popular choice. The reasons people like to buy in Sydney is because there are good prospects of capital growth which will generate equity and allow buyers to build a property portfolio. The Sydney property market historically has seen property prices double every 10 years.
Buying an investment property that is new or an off the plan Sydney property allows the buyer to take advantage of negative gearing which reduces their taxable income saving them circa $10,000 a year in tax! This is amazing and one reason why investors love to buy off the plan Sydney properties. Who wouldn’t want to save tax!
Rental yields are really high in Sydney with new property demanding a premium rental because it is new. This is perfect for investors who get to capitalise on not only high rental returns but also high depreciation.
If you think that buying off the plan Sydney properties is right for you and you want to learn more about it, you should give our team a call on 1300 123 463
to discuss how we can help with any questions or show you how you can do it… it’s easy… just ask!
Want to know more about other Australian cities? Read our helpful information on off the plan Melbourne properties
as well as off the plan Brisbane properties