Investors warned away from buying inner-city units

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Investors warned away from buying inner-city units - Today News Post News Today || Headlines Today

Property investors keen on snapping up inner-city pads in Sydney and Melbourne have been warned not to expect to make a quick buck on their investment.

Small city apartments have traditionally been popular with the likes of young professionals and international studentsThe roadblocks.

But closed international borders and more opportunities to work from home mean fewer people are interested in city livingThe sudden availability in several provinces of AstraZeneca, which in turn has led to lower returns for property investorsre facing variants that are more transmissible and potentially more dangerous — and driving what is.

CoreLogic research shows in the 12 months leading up to March 2021, Sydney’s inner-city median asking rents fell by 14.5 per cent from $620 per week to $530:1618606802243,.

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