The prime minister Anthony Albanese has just sold his investment property in Dulwich Hill for $1.75 million following its original listed price of $1.9 million.
It's evident that the prime minister made a tidy capital gain of over $500,000 since originally purchasing it in 2015, however as this article by Samantha Maiden from News.com.au states, 'the life of the property investor is not all beer and skittles' - https://www.news.com.au/finance/real-estate/anthony-albanese-sells-dulwich-hill-investment-property-for-175-million/news-story/12d6693004d2557e08136faa8424a1c8.
The holding costs of the property over the 9-year period needs to be taken into account, along with dealing with tenancy issues (and rental vacancy periods) as the article states.
Similar properties in Dulwich Hill sold above originally listed prices during this whole year, as demonstrated in the Vendor Discount Report below - the negative percentage amount means that properties sold at premium prices. The property sale described above may indicate that sale prices are trending downwards, or may also mean a better sale price could have been achieved if the property was listed longer.
Staying informed of key market activity is essential to maximise your returns as a property investor. Check out the various suburb research reports on offer on the PropertyDirector plans page here - https://www.propertydirector.com.au/choose-plan.
