INVESTOR ALERT! There's no time like the present to invest in an apartment

Whether you are considering purchasing your first property, or increasing your existing property portfolio, now could be the perfect time to take action. Sydney’s apartment market is remaining strong and outperforming houses for the first time in three years. And return on investment is soaring with rental prices rising fast.

Putting your money into apartment projects is smart thinking according to many renowned commentators. Murray Katz of LogiX Financial Services reports “There are certainly opportunities in this market for apartment investors. Rental yields are slowly coming back after being depressed for quite a while, and the tax benefits are more advantageous. As an asset class, they’ll probably be more on the rise than before and, of course, they’ve always been more affordable than houses.”



Additionally, demand is vastly outweighing supply in the Sydney rental market. According to a recent article from ABC news, “Sydney has become a landlord’s market and renters are paying the price.” With demand being so high and supply being so low, it is not uncommon to have 30 applications for the same property. Interested renters who are able are regularly offering above the listing price to secure a property. And with a 1% vacancy rate, the only properties on the market are snapped up almost as fast as they hit the books, as we are experiencing firsthand in Cramer's Property Management division.

There is a housing crisis predicted for Australia in the very near future, with immigration resuming next year and more and more international students already coming onto our shores. Additionally, many people who made a regional move with the covid-induced rise in working from home, are finding that their workplaces want them back in situ or the regional lifestyle is not what they have hoped for. We predict these people will be returning to Sydney in droves. 

In terms of asset value, there is still a big gap between apartments and houses, so apartments still offer better value for investors with far less investment outlay on purchase. And if you look for the property fundamentals of great location, excellent project facilities, great access to transport and a developer with a stellar track record, you will have a blue chip property that will ensure continuing demand and great long term capital gain. 

Cramer have a number of outstanding apartments for sale that fit the bill. Call the Cramer team today to find out more.

Why Redfern is fast becoming Sydney’s place to be

 

With its chequered past, Redfern can easily be overlooked in terms of Sydney’s places to explore. But come for a day and you will quickly become a Redfern convert, won over by this eclectic suburb’s individuality, thriving culture, bespoke boutiques and outstanding bar, restaurant and café scene.



Feel like a delectable bite to eat? Try Three Williams, Scouts Honour, Little Evie, Henry Lees and Bean and Berry for the quintessential café experience; indigenous-owned Tin Humpy for house-made pastries and hearty breaky bowls; Flyover Fritterie - Sydney’s first vegan fritterie and chai bar; and vibrant Vietnamese at Yellow Fever.

 

  

Explore the globe at these unforgettable restaurants - remarkable ramen at RaRa, La Grillade and Bistro St Jacques for French, Ron’s Upstairs for cool Mediterranean, La Coppola for pizza, Kepos & Co for marvellous Middle Eastern and Juan Bowl and Tea for Japanese. Then wrap it up with a sensational sweet treat head to Ciccone And Sons, where you can step back into the 50s and enjoy exquisite homemade fresh gelato.



For the best bar scene outside of London, go on the ultimate pub crawl from Bart Jnr, Arcadia Liquors, the eccentrically names Bearded Tit, Atomic Beer Project Brewery, The Dock, Hustle and Flow Bar, Noble Hops Bar, Misfits and the super cool DD’s cocktail and dining room out the back of The Sunshine Inn. And if you have a taste for gin, don’t miss Moya’s Juniper Lounge.

Stock up on gorgeous homewares at the DEA store, where you will find Japanese influenced earthenware to beautify your table and ceramics from Tom Dixon.

 

And if you are a fan of mid-century furniture, head to Rudi Rocket for super cool vintage pieces, then make your way to the gargantuan Mitchell Road Antiques for the best antique store in Sydney. Or for something utterly different, head to Redfern Convenience Store – “The Greatest Convenience Store on Earth.”

 

For exemplary art, check out the Vandal Gallery, showcasing some of the best emerging contemporary artists in Australia. 

Then pop across to 107 Projects, a cool not-for-profit community art space that’s home to loads of events, exhibitions and workshops. Then be blown away at Carriageworks, a multi arts precinct that offers weekly farmers’ markets, festivals, fashion shows and global art exhibitions. Finally head to the Aboriginal and Pacific Art Gallery for glorious indigenous paintings and sculpture.

 

Want some quality threads at a fraction of the cost, pop over to nearby Assembly Label Surplus Store. Then for an old school barber experience, visit Tommy J Barber. For all things Zen, head to Humming Puppy, a New York loft-style yoga studio. For the place that was voted Best New Independent Gym, get fit at Lift Performance Centre. Follow up with a dip at the outdoor heated Prince Alfred Park Pool, where you’ll also find basketball and tennis courts and outdoor fitness equipment.

And if you are so impressed you’d like to make the move on a permanent basis, check out our exquisite apartments on the verge of Redfern at Surry Hills Village.