Thursday, September 12, 2013

It’s nice to be popular again!

Property investment has been a topical conversation amongst my friends over the last few months. I’ve started looking for a second investment property and it’s great to have discussions (and often debates) with friends on how the property market is looking. As young professionals, we are looking for strategic, long-term investment options. At Toop&Toop we are finding young, investment-savvy individuals looking to build their property portfolio. Rents are steady and there is real prospect of relatively modest, but sustained price growth. And regardless of whether you’re Labor or Liberal, it's nice to have the Federal Election behind us and a clear decision last Saturday. This will restore confidence in the market and we are expecting more investor activity to stem from this.

It’s not just talk. In the past month property investment companies seem to be coming from everywhere and they are heavily advertising in print, radio and TV. This is one key sign that the market is livening up - everyone is trying to jump on the bandwagon.

With 28 years assisting investors in running their investment businesses, we are experienced and we know this business inside out. We are not opportunists. We’ve been here through all the cycles and will continue to be. We hold regular, free Property Investment Seminars in partnership with the Commonwealth Bank and have a range of guest speakers presenting on investment topics.

We are ramping up our service one step further with face-to-face meeting with our clients where we provide our landlords with options to improve the returns of their property. We have close relationships with mortgage brokers and quantity surveyors to ensure that each area of investment is covered.

Why the popularity?We recently received a personal briefing from APM and it makes sense. Adelaide is the least volatile, most stable capital city for property investment. We are the most affordable mainland capital city in the country and continue to attract first home buyers.
If we look at the current real estate cycle since the previous peak, Adelaide house values are DOWN 5.1%. In the last 12 months, values have increased by 0.4%. This tells me that Adelaide has bounced slightly off the bottom of the cycle. If we look to Sydney, house prices are UP 4% from the previous peak. Sydney and Canberra (at positive 1.2%) are the ONLY capital cities to have risen past the previous cycle… these cities are past recovery and on their way to the next, higher peak.

Adelaide follows the same general trend as the national market, so the stats are telling me now is the time to buy.This is no surprise as interest rates are at record lows and the national signs of property investment are positive.

We’re excited about the predicted growth and are geared up to help you enter the property market for the first time, or grow your portfolio. When it’s time to get serious, it’s time to get Team Toop.

Suzannah Toop, General Manager of Operations.
© Toop Real Estate Group

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