The promise of strong capital growth, low interest rates and a buoyant rental market are luring investors back to the lower north shore.
This buying group has been relatively inactive in the market in recent years.
And this has presented a window of opportunity for first homebuyers, young families upsizing from apartments, as well as downsizers. as they have not had to compete with investors.
But it seems that window is closing.
The top reported auction result of the week went to 15 Commodore St, McMahons Point – a freestanding four-bedroom home on 260sqm.
It was bought by an investor…