How to buy a smart investment property |
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When buying an investment property one must leave emotion and friends and families opinions behind!
Do your research, look at growth corridors with up and coming amenities with good transport and shopping centres that are going to be improved or redeveloped.
When purchasing your first investment property, ask yourself what more important. Capital growth? Rental income? Depreciation? Or a combination? Do you buy in a family trust or a Self Managed Superfund?
Depending on your personal financial profile, one must purchase the right property that provides long term financial benefits. This makes finding the right property even more complicated. Should you be buying an older home on a large allotment with subdivision potential, or should you be looking for a low maintenance townhouse or villa with good rental returns and depreciation benefits. So out of the 5000 properties that are currently for sale in your city, possibly only 3%-4% of them are suited for your purpose!
Get a buyers advocate to sort through all the unsuitable properties, and educate you in finding the right one at the right price! |
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Has the property market bottomed out? Some pundits are claiming there's more pain to come, with the eurozone markets having a negative effect globally.
Sure, we can all sit on our hands and do nothing and ride out the storm, or if you are cashed up ready to give the property market a go, do what all the smart buyers are doing and making money on their purchase.
With savings of 5%-10% on great investments across Melbourne in the inner to middle markets, I believe that it has never been a better time to enter the market. Why ? Not only the sooner you buy before there is an upturn in the property market (some have predicted it's bottomed out already- others are stating early next year) , the sooner you can reap the rewards of a negative, positive or cash flow positive investment , and take advantage of the ever tightening rental market where it's forecasted rents will rise another 10% -15 % next year.
The other aspect pundits care to omit in their wisdom, is that when you buy in a 'buyers market', the sooner you can buy another investment property.
So do what our investor clients are doing, and engage a professional to find the right investment property( only 3% of all properties on the market make a good investment), and negotiate the best deal for you.
Call David Melatti from Astute Buyers Advocates for a free no obligation and confidential chat- 1300 736 638, or email him at
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Auction Strategies in Northcote pays off! |
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With a preset level of $782,000 for Linley CRT Northcote over the weekend, Kate & Stefan had been searching for many months on their own. After 7 weeks using our Gold Service, we combined searching forces to find, evaluate and secure at auction Linley Crt for $715,000!
After a 2 bedroom weatherboard townhouse on much smaller land sold for $760k last week in nearby
1A Russell St, Kate & Stefan have an extra $67,000 to add their own touches and further improve the value of the great home in a quiet court location which is only a few minutes walk to Station St Fairfield Shops and cafes. Well done!
If you too need someone independent to do all the running around, inspect, evaluate and negotiate or bid, give the Astute Buyers Advocates team a call to arrange a free no obligation and confidential consultation on 1300 736 638. |
Auction bidding team strike in Northcote! |
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Congratulations to David & Claudia for their fabulous purchase of a fully renovated Californian Bungalow in Oamaru St Northcote!
With our unique and well executed auction bidding system that protects and ensures the client is not paying too much on auction day, we secured the home for $922,000 and well below the clients' limit.
Same time last year, the home would have sold in the high $900ks, if not over $1M!
For a free no obligation and confidential consultation on your next home purchase, give the Astute Buyers Advocates team a call - "Empowering home buyers!" - 1300 736 638 |
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