We have been busy on many fronts recently with the completion of recommended project The Minchinbury Winery in particular being a major contributor.
The Winery has been a success story for everyone involved. The builder has done a sensational job and the entire development from the original concept through to the thoughtful detail in construction has come together beautifully.
We are achieving excellent rental yields with almost 40 apartments and townhouses successfully rented in the project over the last 6 weeks. With interest rates currently at historic lows, these properties have proven to be mostly cash flow positive, even where they’ve been acquired with 100% borrowed funds.
There have been a couple of resales in The Winery already with capital gains of up to 16% on original off the plan purchase prices. This is a great start for these investments and reflects astute purchasing as well as the improved state of the Sydney market.
On that note, it is entirely possible that this calendar year (once all the data is in) could shape up to provide the highest level of real growth we’ve experienced in Sydney for over a decade and many commentators are predicting solid growth over the next couple of years.
The upturn in the Sydney market which we’ve been talking about for the last few years has officially begun…and will continue for some time yet!
If you purchased at The Winery, congratulations and well done. If you didn’t, it is not too late to secure a stake in this rising market. We can help you work out an appropriate strategy and will post details on how we can help shortly.
An ongoing collection of thoughts, opinions, observations and recommendations by long time property analyst and commentator Brett Johnson.
Brett has been actively involved in property investment, research and management for over 35 years. He is a passionate advocate of planned, counter-cyclical property investment with a special focus on understanding the behaviour of property markets. He is a regular commentator on property investment and markets in Australia, co-author of The Wealth Power of Property, a licensed real estate agent and Justice of the Peace.