Gavin Rubinstein’s investor tips: ‘I only buy here’

PHOTO: Gavin Rubinstein

The star of reality real estate show Luxe Listings Sydney and founder of The Rubinstein Group (TRG) has been investing in property for the past decade – and hasn’t looked further than Sydney’s eastern suburbs, purchasing all of his real estate in the exclusive and highly sought after enclave.

Rubinstein is renown for selling luxury properties in the eastern suburbs.

It’s where he has made a name for himself when it comes to selling real estate and where he intends to continue investing as the market cools.

“If you look at the trajectory of the east, while there have been peaks and troughs it has never gone down,” Rubinstein said.

“It has continued to go up – that’s the one trend we notice has been consistent.”

This amazing Point Piper house was featured on Luxe Listings.

He said supply and demand has kept the market strong over the years and that the price drops of 2022 haven’t made much of a dent in the overall scheme of things.

“We saw increases anywhere between 30-50 per cent in the eastern suburbs (during Covid) and what we’ve noticed is somewhere between 10 and 20 per cent of a level out from that peak,” he said.

“If you do the maths, we’re still ahead and there’s still a lot of depth to the marketplace.”

Gavin Rubinstein in Luxe Listings, Season two.

While interstate investing has become popular in recent years for many portfolio builders, Rubinstein has stuck to his home-ground.

“It’s the cosmopolitan lifestyle where you have harbour to city within close proximity – and there is such a limited amount of it,” he said.

“Supply and demand are key drivers in any market and it just so happens there is a really limited amount of land here and they’re not making any more of it.”

The Luxe Listings team at the season two premiere.

He said there was three rules he followed when it came to investing.

The first was that each property had to be close to the beach.

The second was to buy units with the potential to own the whole strata complex over time and add value in order to increase yield.

And the third was to treat investing like “a long term play” and buy with the intention to never sell.

Gavin Rubinstein takes an ice bath in season three.

He suggested investors talk to H&R Block in order to understand any tax advantages that could apply.

He also said it was important to check recent comparable sales in the area rather than rely on the listed price guide when making an offer.

Gavin Rubinstein being chauffeured to an open home. Picture: Toby Zerna.

“Don’t be afraid to make an offer on a property if it’s not in line with what’s being presented,” he said.

“I base it around the evidence and facts of what is trading today as opposed to what traded six months ago.”

Luxe Listings Sydney Season three premieres on Prime Video this Friday.

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