August 11, 2014
Liverpool Mortgage Choice broker Mohammed Azeem highlights the appeal of Liverpool for homebuyers and investors.
Liverpool is shaping up as a true mixing pot of cultures, and it’s creating a vibrant and very cosmopolitan local community. No matter whether you are a Liverpool first home buyer or an investor looking for strong returns, Liverpool is certainly worth a look.
Strolling through Liverpool these days it’s hard to remember that the city is one of the oldest settlements in Australia – founded by Governor Lachlan Macquarie in the early 1800s. Like many of the early colony’s townships, Liverpool was named after a British statesman, in this case Robert Banks Jenkinson the Earl of Liverpool.
It wasn’t until the 1950s that Liverpool made the transition from laidback farming region to major suburban hub. But some of the early reminders of the city’s early history can still be seen, like St Luke’s Church, built in 1818 and designed by renowned colonial architect Francis Greenway (take a look at an old $10 to see Greenway’s portrait).
These days, Liverpool is home to over 24,000 residents, and what a diverse group of people we are with families virtually from around the world settling here. Liverpool is also a very young community – with one in five residents aged under 14 years . Luckily Liverpool offers lots of great schools!
5-year capital gains of 49.9% on Liverpool home values.
Not just a thriving city, the Liverpool property market certainly stacks up for home buyers and investors.
Liverpool houses have risen in value by an astounding 49.9% over the last five years. In the past 12 months alone, Liverpool house prices have soared 25.3%. Yet the median house price remains very affordable at $517,000 or $310,000 for apartments.
Investors in Liverpool property haven’t just benefitted from strong capital growth. Liverpool rental properties are delivering gross yields of 4.2% for houses and 5.5% for units.
Liverpool investors take note, one in two (50.3%) of the city’s residents rent their Liverpool homes – well above the state-wide average of 30.1% . It means demand for your Liverpool rental property is likely to be consistently strong.
Support for long term growth of Liverpool property prices
Outstanding facilities look set to underpin the Liverpool property market in the future. Earmarked by the NSW state government as a major regional area, Liverpool boasts excellent transport links including the M5 Motorway, the Westlink M7 Motorway and Liverpool Road (the Hume Highway). Commuters are well catered for with regular bus and train services.
The availability of employment options should also support population growth – and continued property price appreciation in Liverpool. The city has a large hospital, a recently extended Westfield shopping centre and the southern end of Liverpool has been zoned for further commercial developments. It all adds up to give Liverpool a very bright future for home buyers and investors.
A window of opportunity to take advantage of low rates
The recent decision by the Reserve Bank to keep interest rates on hold gives Liverpool home buyers and investors a valuable window of opportunity. Liverpool home loans remain very affordable – and now is the time to act to discover if a Liverpool property can help you achieve your goals.
The team at Mortgage Choice Liverpool specialises in Liverpool home loans, and we combine our knowledge of Liverpool lenders with the local property market to help you select the loan that is right for your needs.
To discover the range of Liverpool home loans available today, call Mohammed Azeem and the team at Mortgage Choice Liverpool on 02 9826 0333 or 0411 749 875. Or call in and see us at 75 Sarah Hollands Drive, CARNES HILL NSW.
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*All Liverpool property market data sourced to RP Data Suburb ScoreCard, Corporate Edition. Data Set April 14 published July 14.