As tech companies like Oracle & Tesla look to move to Austin, I was looking at North/Northwest/Northeast Austin to find some investment properties and see that it has already had a big run up over the last few years.
I am new to Austin market and considering buying one or two multi-family units depending on the potential value they present over other investment types for the long run. I am not dependent on immediate cash-flow, and also not looking to fund it further once I buy.
With that background, does it still make sense to buy in Austin if my horizon is about 15 years to see a worthwhile return/appreciation.
Realtor · Austin, TX · Member since 2016 · 1k+ posts · 1k+ votes
5y
@Raj Kothari with that horizon your chances of seeing appreciation in a market such as Austin look pretty good. Residential multifamily does not have the same drivers as the SFH market, but the trends do still move similarly. The potential buyer pool for SFH is simply significantly larger.
To further support your point, the North side of Austin has seen significant growth in past years. The combined influx of residents and planned upcoming developments seem to indicate that trend continuing steadily.