Wealthi adds more than $120m of new residential investments
Wealthi has added new residential real estate investment projects on its platform exceeding $120m in gross value. The new investments coverage a range of areas along the east coast of Australia including sites located in Ramsgate, Auburn and Westmead in Sydney.
Ramsgate is the latest exclusive off-market opportunity to list on the platform, adding to an already well diversified Sydney exposure spread of opportunities. Ramsgate’s appeal is its close proximity to both the Sydney CBD, Eastern Suburbs, Airport and 1km walk to popular beaches. Investments in Wealthi’s Ramsgate opportunity start from the mid $500k range, with yields in the order of 4–4.5%.
In Canberra, Wealthi has added investments along the Woden growth corridor, given strong government infrastructure investment which is expected to go into the area over the next decade. A recent hospital expansion was approved, worth $300m and expected to add 500 new jobs.
In Melbourne, the focus remains on key house and land growth corridors which are set to continue in popularity following the gradual opening up of borders and migration. Wealthi is currently offering investments in Wyndham Vale along the high growth West Melbourne corridor and will launch new investments in the Northern pocket of Beveridge in the coming weeks.
The new investments are a reflection of the strong demand experienced despite recent lockdowns. Australian property prices continue to hit record high levels with investors motivated by yield generation opportunities while interest rates remain at ultra low levels.
Learn more about these opportunities by visiting wealthi.com.au
