NSW property investment hurdles undermine lure of lower rates
Even with rental properties moving further out of reach every month, the obstacles placed in front of New South Wales property investors are such that more are selling than buying.
Rental values are constantly pushing upwards to ever higher record levels, with the national rental index up a further 0.6 per cent in March, including in Penrith (pictured) where weekly rents in three years rose from $420 to $550. (Image source: Shutterstock.com)
The significant impact of interest rate movements has been reinforced.
The return to price growth both nationally, as well as in New South Wales, can be attributed to February’s rate cut. CoreLogic numbers show the shift was moderate but then again, so were the declines in recent months.
Internationally, it’s a case of wait-and-see as to how Trump’s tariffs might impact the market. The Australian dollar and share market have nosedived, however,…
