Buying an investment property can be complex, which is one of the reasons why so many Australians fail to invest directly into property(i). At Advantage Consulting, we can put you in touch with professionals to guide you through every step of buying an investment property.
Buying an investment property is not for everyone. It’s important that the purchase of an investment property does not result in financial hardship and stress. But for many of us, buying an investment property in Melbourne is a realistic option. At Advantage Consulting, if you are considering buying an investment property, the skilled affiliates we refer you to can do a full assessment on your readiness to be a property investor. This will include analysing your current assets, liabilities, goals, objectives and cash flow and providing you with a report at the end.
Typically, property investors invest for capital growth, among other factors. But how do you choose the right investment property to buy?
The right investment property should see you investing in growth suburbs that typically have a high rental yield and a low vacancy rate(ii). That all sounds easy, right? The problem is that most do-it-yourself investors don’t have the knowledge or the access to properties that property specialists do. Even when you find the right property, how do you know what’s a fair price? Unlike shares, where the value of the property is transparent, real estate can be difficult to price. Once you purchase a property you are also going to want low ongoing running costs.
The specialists we deal with in Melbourne have access to properties all over the state with different price ranges. Importantly they are not aligned to any one developer, which allows them to provide an unbiased set of options. As they are constantly dealing in the market, they have a great idea on fair price and growth locations, and often deal in properties that don’t even get offered to the public directly. The experienced affiliates we refer you to will take time to ascertain your objectives and will provide a short list of properties taking your needs into account. It’s also important that you do your research as well to make sure you are 100% comfortable with any suggestions they put forward.
Buying an investment property is not easy, which is why many people elect to have professionals help them. For example, you need to:
For most of us who are working full time, are busy and don’t have experience in this area, it can be daunting selecting and managing an investment property. The property specialists we deal with have track records in these areas and help you through the process from start to finish. As a starting point, download our free property investment guide.
You should assess whether the information on this website is appropriate to your particular investment objectives, financial situation and investment needs. You should do this before making an investment decision on the basis of the information on this website. You can either make this assessment yourself or seek the assistance of any adviser.