Things to Ask Yourself Before Investing

• What is my current financial position? Do you think you will still be able to afford the property during the times it’s vacant & no one rents it out?

• What is the quality of the property I can afford? Do you think you can afford property in a location where you can have good tenants and maintain regular long-term rental increases?

• How much can I borrow? Finding out how much you can borrow will determine what kind of property you can afford. Please check our calculator to get you started.

• Do I need a cash deposit? If you own your current home, you can use home equity instead of cash deposit.​​​​​​

• Will my current circumstances change in future? If yes, will I still be able to afford to keep the property.

Location

When you are buying your personal home, one of the things you consider is its proximity to your work or the kids’ school. On the other hand, when you are buying an investment property, you need to find a property where there is high tenant demand.

Maintenance

You need an investment property that is easy to maintain. Low maintenance property does not require a regular gardener, pool cleaner, or daily sweeper. Unless you want to pay for these things, you should steer clear of properties that require high maintenance.​​​

Sustainability

With the ever-increasing interest rate, when you buy that next investment property, it is very important to plan forward. It is important to analyze your cash flow, possible change in your current circumstances, etc. and insure you can afford to sustain the property you are buying.

Top Reasons Why Investing in Property Rocks!

• It provides regular rental income. Other investments like shares or stocks can take a while to produce profits and may involve higher risk too. In property, you may enjoy income as soon as it is ready for rental.

• Higher value in the future. Traditionally residential property gains have been good value in the long run since supply is often limited in metro markets, with ongoing higher demand.

• You can enjoy its tax benefits. Some of the expenses associated with owning a property are tax deductible.

• It offers a diverse investment. Australia has property options in different locations and states. This will allow you to choose between property in the city or suburbs, or an apartment or a house.​​​

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Security

Is the area safe? Is there enough lighting on the street or is it a guarded village? Just like landlords, tenants want to feel safe in their home. Parking. A parking space, whether it is off the street or a garage attracts more tenants and adds more value to your property.

Owners' Corporation Fees

If your property is a unit or apartment in a ‘strata title’ or ‘community title’ building you will incur regular fees for the ‘body corporate’, so you should factor these into your total cost and therefore your ultimate return on investment (ROI).

Pleasant Scenery

A pleasant scenery or a nice view is always a plus. You can easily demand a higher rent if your property got an edge over the others.​​​​