The real estate CEO shares his best real estate investing tips – and the one area he ALWAYS buys in because the market ‘never drops’
- Gavin Rubinstein of Luxe Listing Sydney gave his best real estate investment advice
- Gavin has built up an impressive property portfolio in Sydney’s eastern suburbs
- He said the market in the searched region is reliable and prices remain high.
- Gavin said he preferred to stay in NSW and would never buy interstate property
- He revealed his top investing tips, including always buying near the beach
A leading Australian estate agent has revealed his top tips for property investing and the one area he always recommends buying because his prices ‘never go down’.
Gavin Rubinstein, founder of The Rubinstein Group and star of reality show Luxe Listings Sydney, said The Daily Telegraph he bought all of his investment properties in the eastern suburbs of the New South Wales capital and said he would never buy out of state.
He also revealed his three key tips for budding investors, including buying homes near the beach, buying units to own the entire building in layers, and never planning to sell. .
Australia’s top estate agent from the hit TV program Luxe Listings Sydney Gavin Rubinstein (pictured) has revealed his top tips for budding property investors
Gavin has made a name for himself buying and selling houses in the affluent eastern suburbs of Sydney, where all his real estate is located.
The luxury estate agent said that despite its ups and downs, the trend in the area has consistently “continued to rise”.
He said the eastern suburban market has remained strong thanks to supply and demand despite recent price declines.
“We’ve seen increases of between 30 and 50% in the eastern suburbs (during Covid) and what we’ve noticed is between 10 and 20% of a level from that peak,” he said.
All of Gavin’s investment properties are in the affluent eastern suburbs of Sydney and he has said he will never buy a freeway
Gavin Rubinstein’s Top Three Tips for Real Estate Investing
- Always buy near the beach
- Buy units with the potential to own the entire strata complex over time and add value in order to increase yield.
- Think of investing as “a long-term game” and buy with the intention of never selling.
Source: real estate.com.au
“If you do the math, we’re still ahead and there’s still a lot of depth in the market.”
Gavin prefers buying in NSW when building his property portfolio rather than venturing onto the highway.
He said buyers have strong demand for the limited number of properties with a “cosmopolitan lifestyle” close to the city and Sydney Harbor which is a “key driver” in the local market.
Gavin shared his top three investing tips suggesting buyers are always looking for properties close to the beach.
He recommended buying units with the potential to own the entire building over time to add value and increase your income.
His third rule is to think of investing as a “long-term game” and to buy with the aim of never selling.
The TV agent also suggested speaking with accountants to find out the full list of tax benefits you are entitled to.
He advised buyers to research the selling price of comparable properties before making an offer based on the listed price guide.
‘Don’t be afraid to make an offer on a property if it’s not as advertised. I base it on the evidence and the facts of what is trading today as opposed to what was trading six months ago,” he said.
Australia’s top 10 suburbs set to see fastest growth in 2022
Listed in alphabetical order
1. Belmont, Victoria
2. Crib Point, Victoria
3. East of Ipswich, Queensland
4. Greenacres, South Australia
5. Gympie, Queensland
6. Isabella Plains, ACT
7. Miranda, New South Wales
8. Old Beach, Tasmania
9. Toukley, New South Wales
10. Wellard, Western Australia