While investment activity in Sydney's property market is no secret, research from CommBank shows that existing homeowners are jumping aboard the trend to purchase property in St George and other popular suburbs.
CommBank noted that "many home buyers want an investment opportunity from their next property purchase," in a February 27 statement.
It seems that existing homeowners and even renters are jumping aboard the investment trend, whether to make the most of low interest rates (30 per cent) or to prepare for retirement (27 per cent).
The survey questioned over 1,000 home buyers about their buying intentions.
Of them, 47 per cent "recently purchased, or intend to purchase, an investment property," stated CommBank.
Within this group, 65 per cent were existing homeowners buying a new investment property, while 17 per cent were planning to turn their existing property into an investment.
Even renters were in on the activity, with 15 per cent of those who expressed intentions to buy – or who had already made a purchase – being renters who decided to buy a property not for themselves but for investment purposes.
With low interest rates motivating buyers, it's clear that now is the time to buy and real estate in Carlton is a fantastic option for homeowners looking to invest in the Sydney property market.